GBP/JPY Today's Target Point (Nov 28)
■GBP/USD, Daily Target Points
Yesterday, it rose near the middle line as support, and near the recent high around 141.50 yen, a strong long bullish candle was confirmed and it looks like it may expand upward.Today it is riding the +2σ of the Bollinger Bands, so it seems likely to rise with support at +2σ, and there is +3σ inthe upper 141-yen rangewhich may become somewhat heavier to move up, but MACD is also approaching a golden cross, so the upward momentum seems likely to continue.
The upper targets, looking at the weekly chart first, are the round numbersaround 142.00 yen, the 90-day moving average aroundnear 142.25 yen,near 142.50 yen, and if these are surpassed, there is a high probability of rising to the 143 yen level.
If the upside faces resistance around +2σ near141.40 yen, and breaks belowtoward 141.00 yen, attention should be paid to a potential decline to around 141.00 yen.
■GBP/USD, 4-hour Target Points
Bollinger Bands have expanded upward, and as of the morning session it has risen with support at +2σ.
From a double bottom rebound, surpassing the neck line and updating highs, MACD has entered the positive zone, so it seems to be entering a third wave, and the upward momentum may carry it easily intothe 142 yen range!? There may be a scene like that.
On this chart, not shown, the upper limit of the channel line I drew sitsnear 142.30 yen, so around that area there may be a natural pause, and it might become a watch-and-see moment to see whether it can hold in the 142-yen range!
However, when GBP/USD gains momentum, it can move drastically, so it might easily reach the upper 142 yen range, so beware of counter-trend trading!
Bollinger Bands have expanded upward, and as of the morning session it has risen with support at +2σ.
From a double bottom rebound, surpassing the neck line and updating highs, MACD has entered the positive zone, so it seems to be entering a third wave, and the upward momentum may carry it easily intothe 142 yen range!? There may be a scene like that.
On this chart, not shown, the upper limit of the channel line I drew sitsnear 142.30 yen, so around that area there may be a natural pause, and it might become a watch-and-see moment to see whether it can hold in the 142-yen range!
However, when GBP/USD gains momentum, it can move drastically, so it might easily reach the upper 142 yen range, so beware of counter-trend trading!
■ScalpTrade Fuuta's GBP/USD Target Points
Resistance
1, around 141.85
2, from 141.96 to around 142.00
3, around 142.25 to 142.30
Pivot Line※A line that is often watched as a key point.
around 140.98
Pivot Line※A line that is often watched as a key point.
around 140.98
Support
1, around 141.50
2, around 141.25
3, around 141.10
※When trading, please proceed with personal responsibility and caution!
※When trading, please proceed with personal responsibility and caution!
■Today's Perspective
Today, since the high yesterday was exceeded, I am considering a setup favoring buying on dips. Will it break below 141.50, or will it battle around 142, or will it quickly move into the 142 range? I want to focus on this during the Tokyo session.
Just after finishing the blog, the USD/JPY plummeted! Was there some statement?!
The NY market tonight is closed for Thanksgiving, so a little range-bound movement might occur?!
※GBP/USD tends to react to fundamentals, so when it moves rapidly, be careful not to fight the trend!!
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