GBPJPY , H4 | Bearish Dip

gbpjpy-,-h4-|-bearish-dip

Type: Bearish ReversalKey Levels:Resistance: 158.75Pivot: 158.107Support: 155.964Preferred Case:Prices are at a daily Pivot. We see the potential for a pullback from our sell entry at 158.107 in line with 100% Fibonacci extension and 100% Fibonacci retracement towards our 1st support at 155.964 in line with 23.6% Fibonacci retracement. RSI is on bearish momentum.Alternative Scenario:Alternatively prices may climb towards our 1st resistance at 158.75 in line with 200% Fibonacci Projection.

Source: Tickmill

Related Posts

btcusd,h4-|-bearish-continuation

BTCUSD,H4 | Bearish Continuation

Type: Bearish ReversalKey Levels:Resistance: 41443.73Pivot: 40593.22Support: 38960.24Preferred Case:Price is abiding to the descending channel, signifying an overall bearish momentum. We can expect price to retrace

Read More »
usdjpy,-h4-|-bearish-momentum

USDJPY, H4 | Bearish Momentum

Type: Bearish ReversalKey Levels:Resistance: 114.646Pivot: 114.646Support: 112.547Preferred Case:Prices are on bearish momentum and abiding to our descending trendline. We see the potential for a dip

Read More »
us30,-h4-i-potential-rise

US30, H4 I Potential Rise

Type: Bullish BounceKey Levels:Resistance: 35367Pivot: 34622Support: 34010Preferred Case:With price at the support of a the stochastics indicator, we are biased that price will rise from

Read More »