GBPJPY ANALYSIS 26.02.2024
1) Indicating the formation of divergence between the Awesome Oscillator (AO) and price structure.
2) Forecasting a decrease in upward momentum and a transition from bullish to bearish.
3) Using trendline and Fibonacci retracement to identify the selling point.
4) Choosing the 1.236 and 161.80 zones as selling points because of their confluence with the upper trendline and proximity to resistance.
2) Forecasting a decrease in upward momentum and a transition from bullish to bearish.
3) Using trendline and Fibonacci retracement to identify the selling point.
4) Choosing the 1.236 and 161.80 zones as selling points because of their confluence with the upper trendline and proximity to resistance.
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