Support - S1 : 179.263 | S2 : 178.069 | S3 : 175.735
Resistance - R1 : 182.791 | R2 : 185.125 | R3 : 186.319
Main Trend - Bearish
Intraday Trend - Bearish
The 4H chart of forex technical analysis of the exchange rate GBPJPY can give us very clear the technical view. The price moves within the upper channel of Andrew's Pitchfork and remains below EMA(50) and EMA(200). The exchange rate accepts strong pressure who lead the price at a local double bottom on the daily chart.
Considering all the details from the charts of forex technical analysis we can detect all critical levels and trading targets for H1 and H4 timeframes:
The area 181.797 – 182.359 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 183.100, 183.800, 184.500, 184.900.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 180.000, 179.500, 179.000.
The area 180.895 – 181.072 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 181.350, 181.700, 182.000, 182.350, 182.500.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 179.850, 179.500, 179.200, 179.000.
There is a Bullish Harmonic Pattern on 4H chart: Black Swan.
Using the above elements of forex technical analysis, everyone can plan his own personal forex trading strategy. We note the need to use stop-loss levels.
You agree with our estimates? If you have another point of view, you can write your opinion in comments.
You can subscribe to one of the two subscription packages and take advantage of all benefits of the forex signals using one of the most sophisticated Forex Signals Copier, also from monitoring the live trading room, and of course from the full support in real time.
Resistance - R1 : 182.791 | R2 : 185.125 | R3 : 186.319
Main Trend - Bearish
Intraday Trend - Bearish
The 4H chart of forex technical analysis of the exchange rate GBPJPY can give us very clear the technical view. The price moves within the upper channel of Andrew's Pitchfork and remains below EMA(50) and EMA(200). The exchange rate accepts strong pressure who lead the price at a local double bottom on the daily chart.
Considering all the details from the charts of forex technical analysis we can detect all critical levels and trading targets for H1 and H4 timeframes:
4H Chart
The area 181.797 – 182.359 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 183.100, 183.800, 184.500, 184.900.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 180.000, 179.500, 179.000.
1H Chart
The area 180.895 – 181.072 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 181.350, 181.700, 182.000, 182.350, 182.500.Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 179.850, 179.500, 179.200, 179.000.
There is a Bullish Harmonic Pattern on 4H chart: Black Swan.
Using the above elements of forex technical analysis, everyone can plan his own personal forex trading strategy. We note the need to use stop-loss levels.
You agree with our estimates? If you have another point of view, you can write your opinion in comments.
You can subscribe to one of the two subscription packages and take advantage of all benefits of the forex signals using one of the most sophisticated Forex Signals Copier, also from monitoring the live trading room, and of course from the full support in real time.
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