Forex technical analysis: GBPJPY approaching a key area. Under pressure.




200 hours of MY and swing low come to 150.11-185The GBPJPY is coming under pressure and in the process is to research to test a target level of support to the 150.116-185 area. The 150.116-14 region is home to swing down on September 15, September 18 and September 19. The 200 hour MA is at 150.185.

The combination of all the «stuff» should give some reason to pause for vendors (profit takers), but I also think that stops on a break.
Key support at the level of the target. Close the risk comes against the low from Friday, 150.63. A movement above this level and the correction could see a rotation to the 151.00 level. The 38.2-50% of the last trend move lower today is close to that of the area (see the yellow zone in the chart below).



Добавить комментарий

60