Funt Brytyjski/Jen JapońskiZaktualizowano GBP/JPY-4-Hour overview
Hello everybody, I want to share this with you!
-On a 4-hour time frame chart, we can see that the price is moving in a descending triangle pattern, we can see that the price broke through the support line of a descending triangle but then the price returned moving within triangle pattern.
-We can see that the price closed with a nice bullish candle and we can also see that the price tested and rejected the resistance line of triangle pattern with a small upper wick.
-On stochastic indicator, we can see that the price is supposed to rise, we had crossover and the price is in a stable bullish momentum.
-On a daily base, GBP is at a similar level as JPY and on 4-hour and 8-hour base, GBP is much stronger than JPY,...That is why we had a bullish movement last 12 hours.
-If GBP remains stronger than JPY then we can expect further bullish movement and IF JPY gains some power and GBP loses its power then we can expect bearish movement!
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
-On a 4-hour time frame chart, we can see that the price is moving in a descending triangle pattern, we can see that the price broke through the support line of a descending triangle but then the price returned moving within triangle pattern.
-We can see that the price closed with a nice bullish candle and we can also see that the price tested and rejected the resistance line of triangle pattern with a small upper wick.
-On stochastic indicator, we can see that the price is supposed to rise, we had crossover and the price is in a stable bullish momentum.
-On a daily base, GBP is at a similar level as JPY and on 4-hour and 8-hour base, GBP is much stronger than JPY,...That is why we had a bullish movement last 12 hours.
-If GBP remains stronger than JPY then we can expect further bullish movement and IF JPY gains some power and GBP loses its power then we can expect bearish movement!
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
Uwaga
We had lot of gaps in market so now the price is sitting around 134.075
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.