British Pound/ Japanese Yen Analysis (Daily Chart) 11.09
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British Pound/ Japanese Yen Analysis (Daily Chart) 11.09
Range Market - Bounded by support and resistance
Weak Trend - not respecting EMA 20 and EMA50. Going back and forth of EMA200
Price was rejected on the resistance level on Nov.7 shown by a doji candle
Stochastic crosses - Shift of momentum to the downside
Recommendations: Sell Now
SL: 150.161 Above the resistance area
TP: 144.272 Before hitting the support area
Risk and Reward Ratio: 1:3
Range Market - Bounded by support and resistance
Weak Trend - not respecting EMA 20 and EMA50. Going back and forth of EMA200
Price was rejected on the resistance level on Nov.7 shown by a doji candle
Stochastic crosses - Shift of momentum to the downside
Recommendations: Sell Now
SL: 150.161 Above the resistance area
TP: 144.272 Before hitting the support area
Risk and Reward Ratio: 1:3
İşlem kapandı: hedefe ulaştı
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