DariusAnucauskas

GBPJPY - Daily - Bounce or Break?

FX:GBPJPY   British Pound / Japanese Yen
First of all, apologies for the amount of lines on the graph, but it was hard to tell them "goodbye", because they all are playing their role... in a way...
Second, no position will be taken until we get a clear confirmation.

If we get a good close of today's candle below those two little trend lines , then we could potentially see some more selling tomorrow.

If that's not going to happen and the close will be above those trend lines , then stay sharp, because we could get a little rebound. Now the questions is will that rebound be enough to head for new highs? We don't know. You could try and go LONG, but only with a tight SL. With an SL maybe at around today's lowest point. But that's only for a little LONG.

As always, wait for it, and keep an eye on the price action!
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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 Send feedback Ideas Published Followers Following Private Messages Chat Sign Out