Forex Technical Analysis of GBPJPY for January 04 (updated) ~ forex trading software open source
Support - S1 : 176.583 | S2 : 175.996 | S3 : 174.937
Resistance - R1 : 178.229 | R2 : 179.288 | R3 : 179.875
Main Trend - Bearish
Intraday Trend - Bearish
Applying forex technical analysis rules on the 4H chart for the exchange rate GBPJPY, we locate price to move within the upper channel of Andrew's Pitchfork at 141.4 Fibonacci expansion.
EMA(50) and EMA(200) have a downward cross between them.
The price remains below both of them.
Considering all the details from the charts of forex technical analysis we can detect all critical levels and trading targets for H1 and H4 timeframes:
Read more »Resistance - R1 : 178.229 | R2 : 179.288 | R3 : 179.875
Main Trend - Bearish
Intraday Trend - Bearish
Applying forex technical analysis rules on the 4H chart for the exchange rate GBPJPY, we locate price to move within the upper channel of Andrew's Pitchfork at 141.4 Fibonacci expansion.
EMA(50) and EMA(200) have a downward cross between them.
The price remains below both of them.
Considering all the details from the charts of forex technical analysis we can detect all critical levels and trading targets for H1 and H4 timeframes:
More info for Forex Technical Analysis of GBPJPY for January 04 (updated) ~ forex trading software open source:
