GBPJPY#4--->Waiting buy:

Good day, dear #investors and colleagues #traders!

Your attention an analytical look at the currency pair #Gbpjpy:

The currency pair ended the week with a serious decrease of 470 points or -3.42%. Range coefficient rose 274 to 596 points.

#Technical_analysis:

Globally (D1):

The currency pair came close to the zone of global support: 130-127. Moreover, we come close to the lower boundary of the tapering triangle.

Locally (H1-H4):
The asset continues to be in a downward channel, any attempts of growth are perceived by market participants as an opportunity for sales.

Mathematical resistance and support levels for this week:
a) Resistance: 133.72 / 136.22 / 137.71;
b) Support: 130.34 / 127.73;

#Indicative_analysis:
* Leading indicators: These fund indicators are currently located near the "zone of potential purchases", but can not enter it.

* Price behavior indicators: These fund indicators demonstrate that the price is outside the "normal behavior", which tells us about the inability to open positions at the moment.

* Trend indicators: Demonstrate a decline.

= ≥ Total: The fund model assumes that market participants must wait for price stabilization, and only then it is worth opening a purchase. However, we do not expect that the upward trend will continue for a long time, a fundamental analysis contradicts this.

! The Fund reserves the right to change trading levels, #stoploss and #takeprofit levels without notifying subscribers on social networks.

Participants can track data in the public monitoring of the fund.
 
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Ltd ”Wermelgion and Partners Investment”

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