GBPJPY - Bearish Bias

Paun British / Yen Jepun (OANDA:GBPJPY)

Telah dikemas kini

OANDA:GBPJPY Paun British / Yen Jepun

trendanalysis indicator fundamental gbpjpy gj gbp jpy

Price continued to respect the downtrend line created after GJ had made a new high, and dropped 200pips on Thursday 4th November following the BOE hold of interest rates. Price closed the week at a strong previous resistance level

Although my overall bias is bearish I am expecting price to either

1. Retrace UP to the downtrend line and reject it in between the 50 - 61.8 Fb level and continue down OR

2. Range and break below support at 153 and continue to drop to the next support level around 151

Komen:

For the month bias number 2 seems to be the one that played out

Price ranged between 154 - 153 and then fell to 151 on Friday 26th November following fears of a new covid variant resulting in trader sentiment taking a risk off tone

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.