GBPJPY Daily Analysis | 6th April 2020
Price reacted off the low of 18th March 2020, and has been drifting higher since.
Currently, price is holding above long term 34-period EMA and Stochastics is also reacting ascending trendline support where price bounced in the past.
Price seems to show a short term bounce above our Buy entry at 132.471 towards key resistance at 137.209. Key resistance is a strong level given that it falls in line with both the -27.2% Fibonacci retracement and 1.272% Fibonacci extension.
Currently, price is holding above long term 34-period EMA and Stochastics is also reacting ascending trendline support where price bounced in the past.
Price seems to show a short term bounce above our Buy entry at 132.471 towards key resistance at 137.209. Key resistance is a strong level given that it falls in line with both the -27.2% Fibonacci retracement and 1.272% Fibonacci extension.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.