Type: Bearish ReversalKey Levels:Resistance: 155.869Pivot: 155.404Support: 153.971Preferred Case:Prices are on bearish momentum and abiding to our descending trendline. We see the potential for a dip from our Pivot at 155.404 which is an area of Fibonacci confluences towards our 1st support at 153.971 in line with 61.8% Fibonacci retracement. Our bearish bias is further supported by prices trading below our Ichimoku cloud resistance and also RSI depicting bearish momentum.Alternative Scenario:Alternatively, prices may climb towards our 1st resistance at 155.869 in line with 127.2% Fibonacci extension.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/gbpjpy-h4-or-potential-for-bearish-dip"
via IFTTT
Subscribe to:
Post Comments (Atom)
-
The new strain of covid found in South Africa could disrupt plans by governments and central banks to rebuild economies. Financial markets a...
-
Fidelity “FIS” is a global financial services technology company and a leader in providing technology solutions to merchants, banks and cap...
-
Asian Equities Sink on Covid FearsIt’s been a mixed start to the week for global equities benchmarks with US and European asset markets rema...
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.