Good day, dear investors and colleagues traders!
Your attention a technical analysis of the currency pair #Gbpjpy:
The asset changed its movement from growth to decrease, the angle of this decrease is 6.9˚. The trend change was confirmed by the growth of the Range (Amplitude factor of movement), from 173p to 234p.
However, we believe that the current decline seems excessive. This is evidenced by a lot of factors:
1. The presence of divergence;
2. Stabilization above 141.50;
3. Consolidation (although not fully formed);
4. The asset is in the zone of potential purchases;
All this tells us about the imminent reversal in this pair, if consolidation continues.
We consider the current levels as an opportunity to open long positions with a maximum stop order at 140.85 and an acceptable take profit at 141.40.
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
Your attention a technical analysis of the currency pair #Gbpjpy:
The asset changed its movement from growth to decrease, the angle of this decrease is 6.9˚. The trend change was confirmed by the growth of the Range (Amplitude factor of movement), from 173p to 234p.
However, we believe that the current decline seems excessive. This is evidenced by a lot of factors:
1. The presence of divergence;
2. Stabilization above 141.50;
3. Consolidation (although not fully formed);
4. The asset is in the zone of potential purchases;
All this tells us about the imminent reversal in this pair, if consolidation continues.
We consider the current levels as an opportunity to open long positions with a maximum stop order at 140.85 and an acceptable take profit at 141.40.
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
