Bounce on 50% Fibonacci + Demand Zone

FX:GBPJPY   英鎊 / 日圓
176 0
I would expect the pair to go up to 164.770 where it will hit:

1. 50% fibonacci
2. Demand zone (marked in red rectangle ) from mid Feb (could be seen better on H1)
3. Previous support becomes resistance

I will look for high volumes around 164.770 up to 166.0 and signs of weakness.

On the way down:
  • First target could be 50-61.8% FIbo of the up move which also match the swing between the double bottom - taking partial profit, moving SP to BE
  • Second target would be the previous bottom 154.57
  • Third target 1.618 which also match important level from 2014 (quite long distance, but it's worth to watch)

The pending order is in the demand zone area, the SL is above the 167.50 (another demand zone on H1) while the targets would be as explained above.

GBPUSD is in down trend while EURGBP is up trend which compliment the current analysis.

I hope it make sense, and I would like to hear your comments on this
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人資料 個人資料設定 帳戶和帳單 我的客服工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出