GBP/JPY Price Analysis: Bears move in following bull rally, weekly W-formation eyed
06.01.2022, 00:34

GBP/JPY Price Analysis: Bears move in following bull rally, weekly W-formation eyed

  • GBP/JPY bulls are on the lookout for a discount. 
  • The bears note the weekly W-formation and prospects for a deeper correction. 

GBP/JPY has settled back into a potential hourly support zone on the hourly charts. On the longer-term time frames, there is a more complicated structure that has formed for which is illustrated in the following top-down analysis:

GBP/JPY weekly charts

Alternatively, the price could revisit the structure below for a retest and additional buy liquidity prior to running north again as follows:

GBP/JPY W-formation

Zooming in, we can see the reversion pattern more clearly in the form of a W-shape. The neckline has a high completion rate for the price to restest the zone, near to 153.40 in this case.

On the other hand, should the price break this area, then the downside will be back in favour:

GBP/JPY H1 charts

Meanwhile, the bulls may not be done yet. The hourly bullish impulse was met with a significant correction to the 38.2% Fibonacci level. This may act as support and encourage a second wind.

On the other hand, there is an imbalance of price below which could attract the price into a deeper correction prior to the next bullish accumulation:

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik