Condizioni di trading
Strumenti
GBP/JPY is developing impulse subwave C (colored royal blue in the chart) that is part of impulse wave A of a larger degree (colored light green in the chart) from 117.22. Within the former subwave there are also waves of a still smaller degree - they are A, B, and C (colored magenta in the chart), and potential corrective subwave 4 is developing against the uptrend from 126.77. Within this wave we have A, and B subwaves with subwave B still developing from 125.41 (colored red in the chart).
Now the targets of the upmove are Fibonacci expansions off 117.22-121.98-119.53, 119.53-123.11-121.62, 121.62-126.77-125.41, 125.41-126.14-125.57.
Resistances:
- 126.75 = expanded objective point (XOP)
- 127.23 = XOP
- 127.41 = XOP
- 127.48 = super expanded objective point (SXOP)
If the price reverses to the downside the immediate supports will be Fibonacci retracements of 121.62-126.77, 119.53-126.77.
Supports:
- 124.80 = .382 retracement
- 124.19 = .50 ret
- 124.00 = .382 ret
Overbought/Oversold
The bigger wave is now moving up, so it's preferable to try long positions when the Detrended Oscillator goes below the zero level (30-35 pips below the current prices) or into the oversold area (50-60 pips below the current prices). Watch for opportunities to go long at or near the indicated supports.
Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.