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12.05.202107:47 : 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 holding below descending trendline resistance, where we could see a reversal at sell entry level, in line with 61.8% Fibonacci retracement, and further downside towards our take profit levels, which are in line with 23.6% and 38.2% Fibonacci retracement levels respectively.

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: Dean Leo
© 2007-2021

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USD/CAD
USDCAD 1,33054,
:
06:56 2020-02-26 UTC--5
24118
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