GBP/JPY Trading: Buy Wholesale, Sell Retail
GBP/JPY Trading: Buy Wholesale, Sell Retail
Analysis:
Let's dissect the GBP/JPY trading dynamics using the concepts of buying wholesale and selling retail:
Weekly View:
- Current price: 186.61
- Previous resistance: 188.2
- Wholesale zone: 180.9
- Simplified view: The price is near a previous high point. If it drops, it might find support around 180.9, which is like buying wholesale.
Daily Picture:
- Resistance: 187.5
- Wholesale support: 179.775218
- Retail zone: 187.5218 - 189.008
- Simplified view: The price is close to a resistance point. If it fails to break above 187.5, it might drop, finding support around 179.775218, like buying wholesale.
Summary:
- The idea is to buy when prices are low (wholesale) and sell when they are high (retail).
- Currently, it's a good idea to consider selling GBP/JPY as it's nearing resistance points.
- Look for opportunities to buy when it's close to support zones.
- Always be cautious and manage risks to handle potential losses effectively.
Have a Green Day! Tap Follow
Analysis:
Let's dissect the GBP/JPY trading dynamics using the concepts of buying wholesale and selling retail:
Weekly View:
- Current price: 186.61
- Previous resistance: 188.2
- Wholesale zone: 180.9
- Simplified view: The price is near a previous high point. If it drops, it might find support around 180.9, which is like buying wholesale.
Daily Picture:
- Resistance: 187.5
- Wholesale support: 179.775218
- Retail zone: 187.5218 - 189.008
- Simplified view: The price is close to a resistance point. If it fails to break above 187.5, it might drop, finding support around 179.775218, like buying wholesale.
Summary:
- The idea is to buy when prices are low (wholesale) and sell when they are high (retail).
- Currently, it's a good idea to consider selling GBP/JPY as it's nearing resistance points.
- Look for opportunities to buy when it's close to support zones.
- Always be cautious and manage risks to handle potential losses effectively.
Have a Green Day! Tap Follow