Good day, dear investors and colleagues traders!
Your attention a technical analysis of the currency pair #Gbpjpy:
* Commentary last week:
Last week, the currency pair added significantly amid rising pounds against the dollar. The pound, in principle, grew throughout the market sector using optimistic macro-economic data. In general, macrodata allowed to grow by 182 points (1.3%).
Many market participants and analysts predict that there can be no more such optimistic data, since the issue of Brexit has been resolved and Britain has indeed left the EU. Naturally, this will cause difficulties with the main trading partner of the United Kingdom.
As a result of this, it is wise to use any growth for sales until all necessary trade agreements are settled.
* Technical comment:
The price range is reduced from 244 to 224 points (R factor). The currency pair is trading in a range with a slight bullish tilt. At the time of writing, the pair is trading close to the resistance zone 143.20-143.40.
The pair entered the zone of potential sales. Support and resistance levels for the current week:
- Resistances: 144.06 and 144.88
- Supports: 141.82 and 140.40
* Orders and positions:
Our valuation system considers the current value of the asset to be overvalued, and the technical picture assumes its short-term sale. This position is likely to be supported by macro-economic data that will be released this week.
A potential deal is as follows: Sell from current values, with #stoploss: 143.71 and with potential #takeprofit: 141.90, 141.60 and possibly 141.26. In our case of opening deals, the coefficient RR = 2, minimum.
(! Attention, these are preliminary price levels and we reserve the right to change them).
Best regards,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
Your attention a technical analysis of the currency pair #Gbpjpy:
* Commentary last week:
Last week, the currency pair added significantly amid rising pounds against the dollar. The pound, in principle, grew throughout the market sector using optimistic macro-economic data. In general, macrodata allowed to grow by 182 points (1.3%).
Many market participants and analysts predict that there can be no more such optimistic data, since the issue of Brexit has been resolved and Britain has indeed left the EU. Naturally, this will cause difficulties with the main trading partner of the United Kingdom.
As a result of this, it is wise to use any growth for sales until all necessary trade agreements are settled.
* Technical comment:
The price range is reduced from 244 to 224 points (R factor). The currency pair is trading in a range with a slight bullish tilt. At the time of writing, the pair is trading close to the resistance zone 143.20-143.40.
The pair entered the zone of potential sales. Support and resistance levels for the current week:
- Resistances: 144.06 and 144.88
- Supports: 141.82 and 140.40
* Orders and positions:
Our valuation system considers the current value of the asset to be overvalued, and the technical picture assumes its short-term sale. This position is likely to be supported by macro-economic data that will be released this week.
A potential deal is as follows: Sell from current values, with #stoploss: 143.71 and with potential #takeprofit: 141.90, 141.60 and possibly 141.26. In our case of opening deals, the coefficient RR = 2, minimum.
(! Attention, these are preliminary price levels and we reserve the right to change them).
Best regards,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
