GBPJPY - July 16 2024
Technical Analysis:
1. Even though some weird selling pressure was there last week, it is still in uptrend.
2. W - Uptrend and last week rejected resistance and closed below resistance.
3. D - Uptrend and given fake out and closed below resistance.
4. 4H - There was buying pressure at support.
5. 4H - Made double bottom at support and candle stick confirmations.
Fundamental:
1. No use of having GDP data coming out.=, the same day market dropped much.
2. No economic data for today.
Game Plan:
1. Above 205.339 - Buy. 4H candle confirmation can be good at 204.726.
2. Below 204.500 - Sell. Break and retest and sustain below that level.
3. Be a buyer and take entry on marked support levels.
1. Even though some weird selling pressure was there last week, it is still in uptrend.
2. W - Uptrend and last week rejected resistance and closed below resistance.
3. D - Uptrend and given fake out and closed below resistance.
4. 4H - There was buying pressure at support.
5. 4H - Made double bottom at support and candle stick confirmations.
Fundamental:
1. No use of having GDP data coming out.=, the same day market dropped much.
2. No economic data for today.
Game Plan:
1. Above 205.339 - Buy. 4H candle confirmation can be good at 204.726.
2. Below 204.500 - Sell. Break and retest and sustain below that level.
3. Be a buyer and take entry on marked support levels.
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