The Pound
versus the Yen continued dropping today and it broke below the 186.00 level to
go visit the 200 exponential moving average on the 4 hour chart, around the
184.00 level. We can see that the drop was more than 200 pips, but when the
price got to the 184.00 zone it stalled there and it is currently trying to
bounce to the upside. A break below the 184.00 level could give us trading
opportunities. The 186.00 level has now become its most relevant resistance.
Good support level it could be a turining point.
ReplyDeleteVery interesting analysis, thanks!
ReplyDeleteGood point! I'll keep an eye on it.
ReplyDeletegreat analysis
ReplyDeleteI agree with your point of view.
ReplyDeleteGood analysis.
ReplyDeleteVery useful analysis.
ReplyDeleteVery Good analysis.
ReplyDeleteThanks a bunch.
ReplyDelete