GBPJPY analysis of day 21/12/20
As you remember, I was going to buy on Friday, this morning I remained true to my idea, despite the fall of the pound yen to the level of 138.
by that time, I had one dynamic resistance level at 139.80, and two-level supports at 139.30 and 137.86
You can see how long up and down trends lasted on the chart, the red color of the selling area, green the buying area.
At the beginning of my working day, support has already formed the level at 137.36, the breakout of this level led to a fall in the price to the formation of support at 137.
And from that moment on, purchases ceased to end in stops.
In total, for the day we have the formation of one resistance level and four support levels.
During my working day, purchases were more than justified.
The price moved at least 20 points from each support.
Plans for tomorrow. Now I can not say we have the obvious downtrend, I continue to look for places to buy as the price remains in the range of 137-141.
Have a nice evening everyone and take care of yourself!
by that time, I had one dynamic resistance level at 139.80, and two-level supports at 139.30 and 137.86
You can see how long up and down trends lasted on the chart, the red color of the selling area, green the buying area.
At the beginning of my working day, support has already formed the level at 137.36, the breakout of this level led to a fall in the price to the formation of support at 137.
And from that moment on, purchases ceased to end in stops.
In total, for the day we have the formation of one resistance level and four support levels.
During my working day, purchases were more than justified.
The price moved at least 20 points from each support.
Plans for tomorrow. Now I can not say we have the obvious downtrend, I continue to look for places to buy as the price remains in the range of 137-141.
Have a nice evening everyone and take care of yourself!
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.