GBPJPY SHORT (D) - Chart Analysis by Request @alanmasters
The British Pound is looking bearish against the Japanese Yen (GBPJPY).
Chart analysis and signals for GBPJPY (1 Day Time Frame):
Note: If price breaks and closes above 143.30 (EMA100), these signals are invalidated and a new analysis is needed.
This is not a trade advice. This analysis was done by request to please one of our great followers.
Thanks a lot for the continued support.
Namaste.
Chart analysis and signals for GBPJPY (1 Day Time Frame):
- Direction, resistance and support levels marked on the chart.
- On the higher time frames, GBPJPY is in a downtrend.
- After a strong bounce, it didn't manage to break above EMA200 (orange line) and started to retrace easily breaking below EMA100 and EMA10.
- When price is trading below EMA10, that's leaning bearish (bearish potential).
- Volume is decreasing.
- MACD Histogram favors the bears.
- GBPJPY is to continue falling.
Note: If price breaks and closes above 143.30 (EMA100), these signals are invalidated and a new analysis is needed.
This is not a trade advice. This analysis was done by request to please one of our great followers.
Thanks a lot for the continued support.
Namaste.
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.