Voir aussi
17.03.2020 08:03 AM
The global volatility and uncertainty due to the coronavirus continue to weigh on the financial markets. The major central banks have imposed financial aid packages and lowered interest rates.
GBP/JPY was pushed lower our ideal target at 131.12 at the 78.6% corrective target and dipped to a low of 128.88. We do believe this is an overreaction and we also see a clear loss of downside momentum indication that a bottom should be found soon. We need a break above 131.28 and more importantly, a break above resistance at 134.32 that confirms wave 2/ has completed and wave 3/ is in motion for an ultimate break above 147.97.
R3: 134.32
R2: 133.68
R1: 132.61
Pivot: 131.28
S1: 130.73
S2: 129.47
S3: 128.88
Trading recommendation:
Our stop at 130.95 was hit for a small loss of 25 pips. We will re-buy GBP at 129.00 or upon a break above minor resistance at 131.28.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
