GBPJPY Responding Well To Whole Numbers.

On a daily time frame you can draw out an ascending channel that price has tested but not yet breached. Last week we had support targets set at the 150 level which price tested but did not break. Upon further review with this weeks open being at the support level can imply a certain level of strength. If we see a bounce off this level at the bottom of our channel price can move to our daily resistance level @153. An in depth analysis can strongly imply that the 151.5 level can give price action a hard time being tested 8x previously on a 4H time frame. If the 151.5 level holds we can see a retest of the 150 level once again. The question that we may answer this coming week is "Will price break the 150 barrier?" If so we can see strong bearish moves towards the 148 level of support. As you can see if price responds well to the analysis conducted it makes for a decent entry with a tweezers bottom and a higher low. This suggests a desirable bias that we may be moving towards the implied levels.

Thank you for your attention.
Please leave a constructive comment or like on this post if you found it helpful or entertaining.
Happy Monday! Stay WINNING!
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出