GBP/JPY broke below short-term key-support at 136.26 indicating that red wave ii is in motion. This call for a dip to at least 135.37 and likely even lower to 135.18 before red wave 2 finally comes to its end and a new impulsive rally can take hold.
The former support now acts as resistance at 136.26 for the dip to 135.37 and maybe even lower.
R3: 136.50
R2: 136.26
R1: 136.12
Pivot: 136.05
S1: 135.88
S2: 135.75
S3: 135.37
Trading recommendation:
Our stop+revers was hit at 136.20 for a nice little 65 pip profit. We have placed our new stop at 136.70 and we will take 50% profit at 135.45.
*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。
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