GBPJPY Will Go Up From Support! Long!

4 ngày trước

Please, check our technical outlook for GBPJPY.

Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is on a crucial zone of demand 194.719.

The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 196.745 level.

P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.

Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.

Like and subscribe and comment my ideas if you enjoy them!

3 ngày trước

Đóng lệnh: đạt mục tiêu

Great news, our trade has finally paid off!