GBPJPY| DECLINE CHANNEL
HELLO TRADERS
The price rebounded from its support level and ascended to test the resistance at 191.10. However, this resistance level rejected the upward movement, causing the price to continue its bearish trend.
For today, the price is expected to fluctuate between the resistance level of 191.10 and the support level of 188.94. Furthermore, there is a higher probability that the price will decline further, potentially breaking 188.94 and extending toward 187.89. A confirmed breakout below this support zone would reinforce the bearish outlook.
On the other hand, for a bullish reversal to be validated, the price must break above 192.24 and successfully breach the upper boundary of the channel.
Tendency Keys: 191.10
Resistance Line: 191.10, 192.24, 194.62
Support Line: 188.94, 187.89, 186.96
The price rebounded from its support level and ascended to test the resistance at 191.10. However, this resistance level rejected the upward movement, causing the price to continue its bearish trend.
For today, the price is expected to fluctuate between the resistance level of 191.10 and the support level of 188.94. Furthermore, there is a higher probability that the price will decline further, potentially breaking 188.94 and extending toward 187.89. A confirmed breakout below this support zone would reinforce the bearish outlook.
On the other hand, for a bullish reversal to be validated, the price must break above 192.24 and successfully breach the upper boundary of the channel.
Tendency Keys: 191.10
Resistance Line: 191.10, 192.24, 194.62
Support Line: 188.94, 187.89, 186.96
Trade closed: target reached
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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.
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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.