GBP/JPY Break through or Bounce?[Key zone]
The price is in the key zone near the strong mirror level of 147.500 which previously acted as both a resistance and as a support (the areas are marked on the graph) And also next to the lower boundary of the rising channel.
Options for the development of the situation:
1.The price will bounce off this zone that will be a signal for the purchase and continuation of the upward movement.
2.The price will break through this zone, deep below the level / lower boundary of the channel, which will signal a further downward movement. (However, the entrance to the sale should be sought from retest)
P.S. I apologize for grammatical errors English is not my native language
Options for the development of the situation:
1.The price will bounce off this zone that will be a signal for the purchase and continuation of the upward movement.
2.The price will break through this zone, deep below the level / lower boundary of the channel, which will signal a further downward movement. (However, the entrance to the sale should be sought from retest)
P.S. I apologize for grammatical errors English is not my native language
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.