On our last GBPJPY analysis we awaited a retracement move to the (140.00) monthly support area which stopped short at around at around our daily resistance (138.700).
Reason for that is because priced retraced to 78.6% FIB level on our H4 chart and formed a bearish reversal pattern.
Fast forward to now we can take advantage on yet another retracement by placing our FIB tool on starting from point A (138.125) to point B (136.030) to noticing that price has
currently retraced to 38.2% level with wicks touching the 50% with a bearish spinning top from yesterday trading day.
The H4 timeframe is showing us the breach of our (136.00) H4 support zone. A break a retest of this zone will further confirm the downward momentum.
As of now price has dropped to (136.000) slightly engulfing past 4 day of price action. We are expecting a close of the daily candle around that price and the moving averages to confirm
sellers momentum. Our first target (135.450) with our second one below our weekly mid-range support at (134.700).
Reason for that is because priced retraced to 78.6% FIB level on our H4 chart and formed a bearish reversal pattern.
Fast forward to now we can take advantage on yet another retracement by placing our FIB tool on starting from point A (138.125) to point B (136.030) to noticing that price has
currently retraced to 38.2% level with wicks touching the 50% with a bearish spinning top from yesterday trading day.
The H4 timeframe is showing us the breach of our (136.00) H4 support zone. A break a retest of this zone will further confirm the downward momentum.
As of now price has dropped to (136.000) slightly engulfing past 4 day of price action. We are expecting a close of the daily candle around that price and the moving averages to confirm
sellers momentum. Our first target (135.450) with our second one below our weekly mid-range support at (134.700).
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.