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07.05.202109:47 Forex Analysis & Reviews: Daily Video Analysis: GBPJPY facing bearish pressure, potential for a further drop!

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Today we take a look at GBPJPY. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. Price is approaching sell entry level, which is in line with descending trendline resistance, where we could see a reversal and further drop towards take profit level, in line with 78.6% Fibonacci retracement and ascending trendline support. MACD is also holding under the 0 line, in line with our bearish bias.

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.

Dean Leo,
Especialista em análise
do Grupo InstaForex © 2007-2021
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