📊 Technical Analysis
● Price stalled in the 195.5-196.0 red resistance zone and printed a bearish engulfing (labelled “bearish take-over”) after repeatedly failing at the channel roof; the pattern completes a rising-wedge false break.
● Candle has slipped back under the mid-support band 194.0-194.3 and the wedge base; sustained trade below it opens a drop toward 193.50 (prior swing shelf) then 191.80 within the broader channel.
💡 Fundamental Analysis
● After May’s weak UK GDP outlook and dovish Bailey remarks, gilts out-performed JGBs for a second week, trimming the yield premium, while risk-off flows ahead of the BoJ meeting add yen demand.
✨ Summary
Short ≤195.5; break beneath 194.0 targets 193.5 → 191.8, stretch 190.4. Short view void on a 4 h close above 196.0.
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● Price stalled in the 195.5-196.0 red resistance zone and printed a bearish engulfing (labelled “bearish take-over”) after repeatedly failing at the channel roof; the pattern completes a rising-wedge false break.
● Candle has slipped back under the mid-support band 194.0-194.3 and the wedge base; sustained trade below it opens a drop toward 193.50 (prior swing shelf) then 191.80 within the broader channel.
💡 Fundamental Analysis
● After May’s weak UK GDP outlook and dovish Bailey remarks, gilts out-performed JGBs for a second week, trimming the yield premium, while risk-off flows ahead of the BoJ meeting add yen demand.
✨ Summary
Short ≤195.5; break beneath 194.0 targets 193.5 → 191.8, stretch 190.4. Short view void on a 4 h close above 196.0.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
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🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
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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.
90% accuracy in telegram
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
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.