GBPJPY - Engulfing Bearish Reversal formed 8-3-17
Pair dropped below key level of 142.00 and 200-day moving average suggesting further downward trend probability.
Next key level target @ 139.00 (June 2017) with further decline to 138.50 followed by 137.00 level.
Decline to 133.70 possible in longer term.
R3 142.52 R2 141.81 R1 141.21
S1 139.89 S2 139.18 S3 138.58
Previous session:
H = 141.1000
L = 139.7900
O = 141.8876
C = 140.5590
Pivot Point = 140.483
Personal analysis only. Please use your own rules and strategies prior to entering market.
Pair dropped below key level of 142.00 and 200-day moving average suggesting further downward trend probability.
Next key level target @ 139.00 (June 2017) with further decline to 138.50 followed by 137.00 level.
Decline to 133.70 possible in longer term.
R3 142.52 R2 141.81 R1 141.21
S1 139.89 S2 139.18 S3 138.58
Previous session:
H = 141.1000
L = 139.7900
O = 141.8876
C = 140.5590
Pivot Point = 140.483
Personal analysis only. Please use your own rules and strategies prior to entering market.
Trade active:
Trade Active @ 140.850