GJ Weekly Analysis
1. After an extended bearish run, the pair has printed a doji. Indicating the bearish momentum might stall as it enter a correction rally.
2. The pair has to retest the upside at 142.5 - 144 to confirm the break and for more downside to materialize. The region is also a potential supply zone where the seller will reenter.
3. A rejection on the supply zone would be taken as signal for a continuation of a downtrend. The downside target would be 139.5. On the flipside, a break above 142.5 would expose the upside at 144. Furthermore, a break above 144 would invalidate the downtrend.
Bias
Long-term: Bearish
Short-term: Bullish
2. The pair has to retest the upside at 142.5 - 144 to confirm the break and for more downside to materialize. The region is also a potential supply zone where the seller will reenter.
3. A rejection on the supply zone would be taken as signal for a continuation of a downtrend. The downside target would be 139.5. On the flipside, a break above 142.5 would expose the upside at 144. Furthermore, a break above 144 would invalidate the downtrend.
Bias
Long-term: Bearish
Short-term: Bullish
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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.