GBPJPY - Facing The BEARISH
Updated
Overall, the trend is downward.
Downtrend Side: Stability below 188.010, confirmed by the closing of a 4-hour candle, will support a decline toward 184.470 and subsequently 181.341. Sustained trading below this level will target the next bearish station at 176.909.
Uptrend Side: The price is trading above 188.010, establishing an uptrend, with the potential to reach the resistance level of 191.166. Stabilizing above this level could lead the price to touch 193.563.
Tendency Keys: 188.010
Downtrend Side: Stability below 188.010, confirmed by the closing of a 4-hour candle, will support a decline toward 184.470 and subsequently 181.341. Sustained trading below this level will target the next bearish station at 176.909.
Uptrend Side: The price is trading above 188.010, establishing an uptrend, with the potential to reach the resistance level of 191.166. Stabilizing above this level could lead the price to touch 193.563.
Tendency Keys: 188.010
Trade closed: target reached
The price failed, as we mentioned, and reached the support level of 188.010. A break under it will easily touch 184.533, but trading above 184.533 will move between this level and the resistance of 192.752.
Trade active
Again, the price touched the resistance of 191.166 but was not able to break it so failed
Trade active
The price still moves between the resistance level of 191.16 and the support level of 188.01 in the same area until it breaks one side.Trade active
If the price rises above 191.16, it is likely to reach 192.75. If it can break this level, further gains may occur, potentially reaching the resistance at 197.63. However, if it fails to break this level, the price could reverse and move back below 191.16, with a possible decline toward 188.01.Trade active
Currently, the price is trading around the resistance level at 192.75. It appears that today, the level of 192.75 is being touched, after which it may begin its decline.
Trade active
Today, the index starts at 192.75 and then drops below the key support level of 188.010, indicating potential bearish momentum.
Trade closed: target reached
The price has closed the 4-hour candle above 19,550, to reach the level of 192.75. After touching 192.75, it is expected to decline again.
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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