GBPJPY Analysis
Price is currently in a range, between the Daily Resistance at 188.500, and the 4H Support at 187.400.
It is now hovering near the Daily Resistance.
Scenario 1:
SELL entries are possible the moment price forms a bearish confirmation pattern, with targets set at the 4H Support of the range.
Scenario 2:
BUY entries are possible after price breaks through, closes above and re-tests the Daily Resistance & the Candle High at 188.934.
Targets will be placed at the next strong psychological level at 190.000.
Price is currently in a range, between the Daily Resistance at 188.500, and the 4H Support at 187.400.
It is now hovering near the Daily Resistance.
Scenario 1:
SELL entries are possible the moment price forms a bearish confirmation pattern, with targets set at the 4H Support of the range.
Scenario 2:
BUY entries are possible after price breaks through, closes above and re-tests the Daily Resistance & the Candle High at 188.934.
Targets will be placed at the next strong psychological level at 190.000.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.