GBP/JPY-1 Hour analysis
Hello everyone!
-On a 1 hour chart, we can see that the price is moving within a descending channel and we can also see that the price made a breakout and then rejected in a bearish direction last few hours.
-Now the price is sitting at the resistance line of a descending channel and the price formed a Doji candle.
-On a 4-hour base, JPY is stronger than GBP and on a daily base, GBP is stronger than JPY but both currencies are losing their power.
-If JPY remains stronger on a lower time frames then we can expect further bearish movement and if GBP gains more power then we can expect bullish 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 1 hour chart, we can see that the price is moving within a descending channel and we can also see that the price made a breakout and then rejected in a bearish direction last few hours.
-Now the price is sitting at the resistance line of a descending channel and the price formed a Doji candle.
-On a 4-hour base, JPY is stronger than GBP and on a daily base, GBP is stronger than JPY but both currencies are losing their power.
-If JPY remains stronger on a lower time frames then we can expect further bearish movement and if GBP gains more power then we can expect bullish 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.
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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.