British Pound/ Japanese Yen Analysis (Daily Chart) 11.09
Updated
British Pound/ Japanese Yen Analysis (Daily Chart) 11.09
Range Market - Bounded by support and resistance
Weak Trend - not respecting EMA 20 and EMA50. Going back and forth of EMA200
Price was rejected on the resistance level on Nov.7 shown by a doji candle
Stochastic crosses - Shift of momentum to the downside
Recommendations: Sell Now
SL: 150.161 Above the resistance area
TP: 144.272 Before hitting the support area
Risk and Reward Ratio: 1:3
Range Market - Bounded by support and resistance
Weak Trend - not respecting EMA 20 and EMA50. Going back and forth of EMA200
Price was rejected on the resistance level on Nov.7 shown by a doji candle
Stochastic crosses - Shift of momentum to the downside
Recommendations: Sell Now
SL: 150.161 Above the resistance area
TP: 144.272 Before hitting the support area
Risk and Reward Ratio: 1:3
Trade closed: target reached
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.