GBP/JPY after Daily candle rejection (Nikita FX)
This Chart shows how GBP/JPY reacted after Daily candle rejection (Oct. 15 & 16).
You would say it was Failure breakdown with these two Channel zones, however it filled
a Gap Up (of Oct. 20) and broken again 3rd Fan Line (since 125.66: 2012 Nov. 13) which
is now at 172.22 (as of Oct. 21).
If Oct. 21's closing level will be below the 3rd Fan Line, I would say bearish phase is coming
again.
We will have to see what wil be happened.....
Nikita FX (climbingfx.jugem.jp/)
You would say it was Failure breakdown with these two Channel zones, however it filled
a Gap Up (of Oct. 20) and broken again 3rd Fan Line (since 125.66: 2012 Nov. 13) which
is now at 172.22 (as of Oct. 21).
If Oct. 21's closing level will be below the 3rd Fan Line, I would say bearish phase is coming
again.
We will have to see what wil be happened.....
Nikita FX (climbingfx.jugem.jp/)
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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.