The forecast for GBP / JPY until next Thursday

10 mai 2020

Is cheers for good work.
I will post the forecast for GBP / JPY until next Thursday.
We would appreciate your feedback.

Divided into 3 sections.
- A-BOX (yellow-green box)
- B-BOX (pink box)
- C-SPACE (Other)

Next, we have set three price ranges to note.
- Resistance line (132.850)
- It was a half-value return of the fall of 5/1 - 5/7, and strong resistance that was stagnant in the past.
- Support line ① (131.787)
-Fibo 0.236. The past turnover is low, and it is not often noticed.
- Support line ② (130.813)
-Fibo 0. Lowest price last fall.

Based on those, we assumed three scenarios.
- Scenario ① (green line)
- Ascends along the A-BOX, bounces off the resistance line, and falls significantly.
- Scenario ② (red line)
- After several attempts at the resistance line, the price will fall.
- Scenario ③ (blue line)
- Fall along the B-BOX.

Here are some other points.
- The resistance line has returned to half-price, and there is likely to be a rise to that level.
- The resistance line is a strong resistance band and does not exceed it.
- The EMA (25,75,200) saw a gradual decrease. Neutral or down-looking.

The strategy was short after confirming that it was repelled at the resistance line.
It was short when I saw that I entered the B-BOX early. is.

Thank you for reading.

11 mai 2020

Trade fermée: ordre d’arrêt atteint

Entry short 135.