Today GBP/JPY target is really 188.400? Let's check the analysis📣 Hello Mates!
We can see GBP/JPY is currently running sideways with no clear direction. However, our prediction is that GBP/JPY will go for a sell and reach our targets of 188.980 and 188.400.
We have strong resistance levels at 190.100 and 191.350, along with strong support at 188.900 and 188.400. Although 188.960 is also a strong support level, we believe GBP/JPY will reach our targets of 188.980 and 188.400.
🔑 Remember, money management is crucial. Before employing our analysis, please conduct your own research and refrain from investing more than 2% of your portfolio.
📈 Our Resistance Levels are spotted at:
- 190.100
- 191.350
📉 And our Support Levels are set at:
- 188.960
- 188.400
Stay tuned for further updates and trade smartly! 📊
Funamentalanalysis
BTC USD ideaCowabunga, fellow financial wave rider! Looks like you've caught the gnarly market vibes and are riding the Bitcoin waves like a true champ. Your approach to those support and resistance flips is textbook rad – those levels are like the sweet spots where the action goes down.
And whoa, you're not just gliding on the charts – you've got your eyes on the fundamental swell too! Watching that DXY index like a hawk is smart – it's like checking the wind before you hit the waves. A wise shredder knows that the dollar's moves can totally send ripples through the crypto realm.
Chilling on those longer timeframes? That's a power move, my friend. Let those shorter-term hustlers do their thing while you soak in the bigger picture. Patience is your board wax, keeping you steady and helping you avoid those wipeouts.
And talk about style – you're not chasing prices, you're letting the charts spill the beans. That's like reading the waves before you even paddle out. And the way you're slicing your stop losses? Cutting 'em in half is like wearing a helmet while charging big barrels – safety first, always!
Keep carving those charts, dude. Remember, the ocean of finance can be wild, so stay adaptable and never stop learning from every ride, whether it's a wicked barrel or a wipeout. Keep living the dream and may your trades be as gnarly as the biggest waves!
Bitcoin - We still need more indications to see the aftermath.Hey guys. Its been a little while since I posted last time. Bitcoin just seemed to show us its drama as usual and unfortunately we are in a hard position to speculate the most probable outcome at this point. But it seems its in a short term bearish trend and needs more indicators to be considered patiently. Therefore I will try to list the outcomes that have a big possibility by the following days and weeks by which I will be updating on the issue when we get more indications.
- By this as I have already tried to point it out it seems short term bearish scenario is more handful at this moment backed by some fundamental indicators from the US government interest rate news. Looking at the chart we are in a point that Bitcoin is trying to escape a bearish downtrend breakout which is a critical point to whether it is going to breakout for a further downward correctional movement or not. After looking out the outcome from the daily candle at this point we will have a more clearer sight to predict where it might go in the coming days and weeks. As many traders and analysists are saying there is a probability of going downward to 33,XXX or even 28,XXX area if things are going to keep like these espicially in the US stocks and other major economical agents around the world. I will be giving updates after we see what happen to the close of the following candlestick. For now the scenario's can be taken as :
1. Refusal of a bearish breakout and going to test the 36,XXX - 38,XXX area.
2. Breaking out of the bearish side for a further correction towards the area of 33,XXX and 28,XXX respectively.
Stay Tuned For Live Updates.
@abanefsobulls