empty
 
 
10.04.2020 10:14 AM
Simplified wave analysis of GBP/USD and USD/JPY for April 10

GBP/USD

Analysis:

The direction of the short-term trend of the British pound since March 18 is set by an upward wave. The final part (C) started on April 4. By now, the price has reached the lower limit of a strong large-scale reversal zone.

Forecast:

After the active rise of the last days, a general sideways mood of the price movement is likely today. The stroke range is indicated by the nearest counter zones. In the US session, there may be an increase in volatility, with a return to the dominant upward rate.

Potential reversal zones

Resistance:

- 1.2480/1.2510

Support:

- 1.2400/1.2370

Recommendations:

Today, trading the pound in the market is only possible within the intraday style. Purchases before the correction is completed are premature. When selling, you should reduce the lot. In the area of settlement support, it is recommended to track entry signals to long positions.

This image is no longer relevant

USD/JPY

Analysis:

The short-term trend wave on the Japanese yen chart starts on March 9. In the structure of the wave from the end of March, the final part (C) is formed. Within this framework, the price will be adjusted starting from April 6. Yesterday, the price rise began, which may be the beginning of a reversal design.

Forecast:

The pair's downward trend is expected to end in the next trading sessions. Further, in the area of the support zone, you can count on a reversal and return to the ascending rate. A break in the upper limit of the price range is unlikely today.

Potential reversal zones

Resistance:

- 109.00/109.30

Support:

- 108.20/107.90

Recommendations:

When selling today, you should be careful. You need to reduce the lot and be ready for a sharp change of course. We recommend that you focus on searching for purchase signals on your vehicle.

This image is no longer relevant

Explanation: In the simplified wave analysis (UVA), waves consist of 3 parts (A-B-C). The last incomplete wave is analyzed. The solid background of the arrows shows the formed structure, and the dotted one shows the expected movements.

Note: The wave algorithm does not take into account the duration of the tool movements in time!

Isabel Clark,
InstaForex के विश्लेषणात्मक विशेषज्ञ
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    कॉन्टेस्ट में हिस्सा लें
  • चैन्सी डिपॉजिट
    $ 3,000 के साथ अपना खाता जमा करें और प्राप्त करें $8000 अधिक!
    में मार्च हम आकर्षित करते हैं $8000 चैंसी डिपॉज़िट में
    ट्रेडिंग अकाउंट में $ 3,000 जमा करके जीतने का अवसर प्राप्त करें इस शर्त को पूरा करके आप प्रतियोगिता में भाग ले सकते हैं
    कॉन्टेस्ट में हिस्सा लें
  • ट्रेड वाइज़, विन डिवाइस
    कम से कम $500 के साथ अपने खाते में टॉप अप करें, कॉन्टेस्ट के लिए साइन अप करें और मोबाइल डिवाइस जीतने का मौका पाएं।
    कॉन्टेस्ट में हिस्सा लें
  • 100% बोनस
    अपनी जमा राशि पर 100% बोनस प्राप्त करने का आपका अनूठा अवसर
    बोनस पायें
  • 55% बोनस
    अपनी प्रत्येक डिपॉजिट पर 55% बोनस के लिए आवेदन करें
    बोनस पायें
  • 30% बोनस
    हर बार खाता टॉप अप करने पर 30% बोनस प्राप्त करें
    बोनस पायें

अनुशंसित लेख

अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.
Widget callback