M
Bearish, price rejected M Res twice at
38.2 Fib Level. EMA resistance
Price currently sitting just above 20 EMA potential support but if broken
once again should see sell off
W
Bearish Continuation, LH,LL printed.
EMA Resistance
D
Bearish engulfing coming of a pullback
to most current lows at 38.2 Daily Fib
along with Strong EMA resistance.
Price is currently at a strong support and physcological level 184.50 area
4hr
Price Doji'ing of key level at 184.50 but this was actually the pullback on 1hr timeframe price breached but cannot close above 10 or 20 Ema which is shown firm resistance.
Setup: I would wait for break below 184.50 with a retest of that level and the wicks
GBPJPY
Bearish, price rejected M Res twice at
38.2 Fib Level. EMA resistance
Price currently sitting just above 20 EMA potential support but if broken
once again should see sell off
W
Bearish Continuation, LH,LL printed.
EMA Resistance
D
Bearish engulfing coming of a pullback
to most current lows at 38.2 Daily Fib
along with Strong EMA resistance.
Price is currently at a strong support and physcological level 184.50 area
4hr
Price Doji'ing of key level at 184.50 but this was actually the pullback on 1hr timeframe price breached but cannot close above 10 or 20 Ema which is shown firm resistance.
Setup: I would wait for break below 184.50 with a retest of that level and the wicks
GBPJPY Note
Target reached although I was unable to get into trade as the move took place over night and I wanted the retest so did not set an orderNo longer interested in shorts here unless I see clear rejection of this level again and this area of just below 184.50 becomes clear resistance will look for a strong bearish close on 15min below Ema's and potential resistance
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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.