Pound-Yen Today's Target Point (November 25)
Good morning everyone (^^)/
Today’s GBPJPY opens with an upward gap!!
Friday’s close near the low with strong selling, so I didn’t expect a gap up, quite an unexpected development.
■GBPJPY, Daily Target Points
Bollinger Bands are flattening and the 10 EMA is crossing the middle line downward, so…Today’s GBPJPY opens with an upward gap!!
Friday’s close near the low with strong selling, so I didn’t expect a gap up, quite an unexpected development.
■GBPJPY, Daily Target Points
Above there is the 10 EMAaround 139.90 JPYand the middle line aroundaround 140.00 JPYto watch for.
Below there is the −2σ aroundaround 139.35to watch for.
Since Friday saw strong selling, I’m watching for a retrace selling; if it breaks below −2σ I’d look toward −3σ around139.03 to 139.00, and keep an eye on the past lowsaround 138.85.
Today seems to move within a range, and if it closes below Friday’s low, there could be downside expansion in the days ahead.
■GBPJPY, 4-Hour Target Points
Bollinger Bands are turning downward, so watch for retrace selling
Above there is the −1σ aroundaround 139.70, with the 10 EMA aroundaround 139.80; watch for retrace selling, and if it clears the 10 EMA, it may retrace back to the middle line around140.00 to 140.05. However, be cautious of retrace selling near this area.
Below, focus on today’s lowaround 139.55; if broken, watch for around139.50 to 139.48, with −2σ ataround 139.35; during Tokyo time, see if it finds support.
Beyond this, it’s likely to move more during European time and later, so around 15:00 watch closely, with levels around139.15,139.03 to 139.00,138.85 watched.
Bollinger Bands are turning downward, so watch for retrace selling
Above there is the −1σ aroundaround 139.70, with the 10 EMA aroundaround 139.80; watch for retrace selling, and if it clears the 10 EMA, it may retrace back to the middle line around140.00 to 140.05. However, be cautious of retrace selling near this area.
Below, focus on today’s lowaround 139.55; if broken, watch for around139.50 to 139.48, with −2σ ataround 139.35; during Tokyo time, see if it finds support.
Beyond this, it’s likely to move more during European time and later, so around 15:00 watch closely, with levels around139.15,139.03 to 139.00,138.85 watched.
■Scalping-Fuuta’s GBPJPY Target Points
Resistance
1, around 139.70
2, around 139.80
3, around 140.00
Pivot Line※is a line that can become a notable turning point.
Around 140.20
Pivot Line※is a line that can become a notable turning point.
Around 140.20
Support
1, around 139.55
2, around 139.35
3, around 139.15
※When trading, please trade with personal responsibility and caution!
※When trading, please trade with personal responsibility and caution!
■Today’s Perspective
Imagining a retrace-selling-dominant setup! Since this morning opened with a gap up, Tokyo time may see a bottoming, so be careful with aggressive shorts.
If you go short, aim after touching the 4-hour 10 EMA.
After all, it seems more interesting after 15:00!!
Let’s do our best this week as well. Thank you.
※GBPJPY is easily influenced by fundamentals, so when it moves sharply, don’t fight the tide!
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