GBPJPY - 4 Hourly Analysis

FX:GBPJPY   British Pound / Japanese Yen
GBPJPY             has recently broken out of the wedge and price has seen a clear lower from the 4 Hourly resistance. Next sellers could look at 61.8% Fibonacci level and the 4 Hourly support as a good area to take some profit. Likewise spectators might see this area, as a good place to buy (placing stops below the 61.8% on a test and bounce). So watch out for a bounce at the 61.8% level, if the support area and 61.8% does eventually break then I would expect a lot more bears to enter this market. Have a successful week of trading :)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out