Comparic
Short

GBPJPY H4 - in bearish channel

FX_IDC:GBPJPY   British Pound / Japanese Yen
On H4 chart of GBP/JPY we have a very clear situation. Price falls in a descending channel , and subsequent corrections end in the region of the previous low. This makes the chart very technical.

Currently such a clear state can be spoiled by parliamentary election in United Kingdom, which may distort such legible quotes. As for the price action itself – we are currently attempting to descend into a new low of the downtrend and the breakout of the last low should help in this.

On daily chart we can see that we don’t have any strong support on the way to trend line . Therefore bears have quite a space that can be filled if the election results do not surprise the markets.
Sprawdź największy polski portal traderski - http://comparic.pl i dołącz do najbliższej edycji konferencji InvestCuffs! http://expo.investcuffs.pl. Do zobaczenia w Krakowie!

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out