GBP/JPY Break through or Bounce?[Key zone]
The price is in the key zone near the strong mirror level of 147.500 which previously acted as both a resistance and as a support (the areas are marked on the graph) And also next to the lower boundary of the rising channel.
Options for the development of the situation:
1.The price will bounce off this zone that will be a signal for the purchase and continuation of the upward movement.
2.The price will break through this zone, deep below the level / lower boundary of the channel, which will signal a further downward movement. (However, the entrance to the sale should be sought from retest)
P.S. I apologize for grammatical errors English is not my native language
Options for the development of the situation:
1.The price will bounce off this zone that will be a signal for the purchase and continuation of the upward movement.
2.The price will break through this zone, deep below the level / lower boundary of the channel, which will signal a further downward movement. (However, the entrance to the sale should be sought from retest)
P.S. I apologize for grammatical errors English is not my native language
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.