The GBP/JPY pair is developing an impulse wave C of the medium term downtrend from 129.32 (light green in the chart). Within this wave we have three subwaves (magenta in the chart) and a potential corrective subwave 4 moving from 118.74. Within this wave we also have three subwaves (red in the chart), and impulse subwave C is developing from 119.69.

At the moment the resistances are Fibonacci retracements of 125.03-118.74, 126.39-118.74 and expansions of 118.74-120.77-119.69, 119.69-121.27-120.56.

Resistances:

- 121.66-72 = confluence area of .382 retracement and objective point (OP)
- 121.88 = .50 ret
- 122.14 = OP
- 122.57-63 = confluence area of .50 and .618 ret
-122.97 = expanded objective point (XOP)
- 123.12 = XOP

If the price reverses to the downside, the immediate supports will be Fibonacci retracements of the upside wave from 118.74. As this wave has not developed yet, supports are not available.

Terlebih beli/Terlebih jual

Gelombang yang lebih besar kini bergerak ke bawah, jadi adalah lebih baik untuk mencuba posisi jual apabila Detrended Oscillator menyala di atas paras sifar (harga semasa) atau ke kawasan terlebih beli (30-50 pips di atas harga semasa). Pertimbangkan peluang untuk jual di atau berhampiran rintangan dinyatakan.

Baca lagi bagaimana untuk berdagang dengan tahap Fibonacci.