Condizioni di trading
Strumenti
GBP/JPY is under pressure and expected to continue its downside movement. The pair formed an intraday "V-top" pattern last night and is clearly turning down. The nearest key resistance at 142.25 maintains the strong selling pressure on the prices. In addition, the 20-period moving average is about to cross below the 50-period one (a negative signal).
Therefore, as long as 142.25 is not surpassed, likely decline to 141.15 & 140.75 in extension.
Alternatively, if the price moves in the direction opposite to the forecast, a long position is recommended above 142.25 with the target at 142.70.
Strategy: SELL, Stop Loss: 142.25, Take Profit: 141.15.
Chart Explanation: the black line shows the pivot point. The price above the pivot point indicates the bullish position; and when it is below the pivot points, it indicates a short position. The red lines show the support levels and the green line indicates the resistance levels. These levels can be used to enter and exit trades.
Resistance levels: 142.70, 143.00, and 143.75
Support levels: 141.15, 140.75, and 140.00
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.