GBP/JPT Intraday Bearish
Morning Traders!
On wednesday we saw how the pair broke a major H1 support. The price has retested it and bounced from there to the next support level.
Today the price is testing a H1 resistance (arround 149,200) that is coincident with the 61.8 % of fibonacci retracement of the las bearish impulse. I expect the price to bounce from that resistance level to reach the next support level (arround 148,500).
As the price is doing consecutives lower highs we could see a break out of that support level.
Good Trading Traders!
On wednesday we saw how the pair broke a major H1 support. The price has retested it and bounced from there to the next support level.
Today the price is testing a H1 resistance (arround 149,200) that is coincident with the 61.8 % of fibonacci retracement of the las bearish impulse. I expect the price to bounce from that resistance level to reach the next support level (arround 148,500).
As the price is doing consecutives lower highs we could see a break out of that support level.
Good Trading Traders!
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.
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.