Condizioni di trading
Strumenti
GBP/JPY is developing wave C of medium term downtrend from 128.87 (colored red in the chart). Within this wave there are three subwaves with subwave C from 127.01 still developing (colored orange red in the chart). The targets of the downmove are Fibonacci expansions off 130.81-127.38-128.87, 128.87-125-36-127.01, 127.01-124.48-126.22.
Supports:
- 123.69 = objective point (OP)
- 123.50 = OP
- 123.32 = expanded objective point (XOP)
- 122.13 = XOP
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 130.81-124.48.
Resistances:
- 126.90 = .382 retracement
- 127.65 = .50 ret
- 128.39 = .618 ret
Overbought/Oversold
Assuming that the medium term trend is now down it's preferable to try short positions when the Detrended Oscillator gets above the zero level (15-20 pips above the current prices) or into the overbought area (40-60 pips above the current prices).
Read more on how to apply Fibonacci studies to calculate price targets.
Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.