GBPJPY targets June’s high Quoted from forexlive

Forex technical analysis
لینک کوتاه این مطلب جهت اشتراک دیگران :

Quoted from forexlive

GBPJPY is taking off with other JPY pairs

.(The GBPJPY is also surging higher with the surge in the USDJPY and EURJPY (well all JPY pairs ar on the run

Technically, the pair surged above it’s 100 bar MA on the 4-hour chart at 142.79. Back at the beginning of the month

, that MA helped to stall the corrective rally.

  The price has also moved above the 50% of the move down from the May 2017 high at 143.38.

We are now targeting the June high at 143.942.  We just traded up to 143.856.

Forex technical analysis: GBPJPY targets June’s high

Looking at the 5-minute chart below, the last hour has seen an acceleration of the move higher (above the topside channel trend line).

 The market is getting overbought BUT respect the trend until it tells you otherwise.
Where does the price action start to lose some momentum?  It could start to stall against the June high at 143.942.
 Alternatively, a move back into the channel might stall the momentum.

 Even then it may just turn the bias more sideways, but it is a potential clue that there could be more of a battle between buyers and sellers.

HotForex Demo Contest


100% Credit Bonus

تجارت فارکس پیشرو در خدمات
تجارت فارکس پیشرو در خدمات



برای عضویت در کانال ما آیدی ما را در تلگرام جستجو کنید : @ex4forex

یا هم روی عکس زیر کلیک کنید

۰/۵ (۰ نظر)

دیدگاهتان را بنویسید

نشانی ایمیل شما منتشر نخواهد شد. بخش‌های موردنیاز علامت‌گذاری شده‌اند *