GBPUSD: everything still goes to 1.35755The US dollar is still strong and is confidently pushing the price down to 1.35755 in the newly infected channel.
It is quite possible that the price will be able to reach the next support level.
Ysdjpy
USD JPY - Sell nowUsd Sell Now -
If it respects the previous resistance on the left, Buyers will turn sellers.
It's a good opportunity to enter and set a tolerable stop-loss in case it breaks higher...
Why I should enter a sale?
RSI is in bearish divergence...
It reaches a level of resistance to the left indicating a level of trade.
What do you think guys?
Trade with proper risk management.
There's no guarantee in trading.
USDJPY FIX in strong RESISTANCE zone and FALLIn February, the price bounced off the 104.94 support line. After that, it grew rapidly, was able to break through the support level 108.40, and as a result, after consolidating at the level, it came to a strong resistance zone at 109.44.
This area is formed by two resistance lines. The first is a small trend line that appeared in September 2020. The second is one of the strongest lines on the chart, formed at price peaks since 2015. Therefore, I expect that the price will reverse in the fall from this zone. It will break through the level, fix on it after the breakout and come to the support line 107.29. This will be our goal.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
