GC - SELL
USDJPY - 1H Chart
Above the current price, we have a supply zone daily.
It means that this could be a good place where trends could change direction.
At the moment I would aim at 111.6 area because this is an area where the first support and trend line area.
Also, it is possible retracement area.
From there we need to see what the price will do.
If the price moves under this green area, the price will start to move down.
Above the current price, we have a supply zone daily.
It means that this could be a good place where trends could change direction.
At the moment I would aim at 111.6 area because this is an area where the first support and trend line area.
Also, it is possible retracement area.
From there we need to see what the price will do.
If the price moves under this green area, the price will start to move down.
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.
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.