1.27 extension for the latest minor bearish decline
1.618 extension for the latest minor bearish decline
Swing high (horizontal resistance at 181.00
Note that this is a "POTENTIAL" Resistance zone, it's totally normal that the price surpasses that area without any bearishness. This is not a call for short, however, i will SURELY be looking to short if i get a short term signal there.
Good luck... Exclusively Subscribers to my mailing list will get one month access to my trading account . subscribe here thefxchannel.com/ , My best regards Technician
Comments
mcpeacocks
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i like this, also saw that the 100Ma on daily perfectly alligns with the 0.618 retracement of last major move - should give some resistance.... also, RSI and stochs are starting to be oversold. definitely looking at this. cheers and thanks for the post!
Technician
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Thanks for the addition and welcome mate
KamalFX
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Nice set up, I uploaded analysis almost identical to this. Thank you for giving me confidence on my potential trade :D
Technician
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You Are welcome :)
anastasiia.art
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GBPJPY has a pin bar on h4. is it a type of confirmation you were waiting for?