JPYBASKET has just broken out of its bearish channel, signaling a potential shift to bullish momentum after being under pressure since March.
Currently, price action suggests a move to close the gap and target the 6.844 resistance level, with a possible extension toward 6.942.
However, before confirming a strong bullish continuation, a deep retracement could occur. This aligns with the Fibonacci retracement levels and key support zones (as marked on the chart), making them crucial areas to watch.
📌 Key Levels to Watch:
Support Levels: Fibonacci retracement areas (see marked levels)
Resistance Targets: 6.844 → 6.942
⚠️ Disclaimer: These are my personal views, not financial advice (NFA). Always trade with proper risk management.
Currently, price action suggests a move to close the gap and target the 6.844 resistance level, with a possible extension toward 6.942.
However, before confirming a strong bullish continuation, a deep retracement could occur. This aligns with the Fibonacci retracement levels and key support zones (as marked on the chart), making them crucial areas to watch.
📌 Key Levels to Watch:
Support Levels: Fibonacci retracement areas (see marked levels)
Resistance Targets: 6.844 → 6.942
⚠️ Disclaimer: These are my personal views, not financial advice (NFA). Always trade with proper risk management.
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.