Monthly technical analysis of the GBPJPY chart for September (9) 2020
Monthly technical analysis of the GBPJPY chart for September (9) 2020
01 Sep
01Sep
The Japanese pound on the weekly chart is about to end the positive attack, approaching the resistance area, which is represented by the upper leg of the descending channel and the downtrend. In addition, a resistance area at 144.00 has already brought the price down with a free fall in the first quarter of 2020.
Now we advise traders to enter selling deals only, market at the market price, with the reinforcement of better prices, the higher the prices, provided that the level of 144.00 is not exceeded, which will be higher than it is a suitable stop loss for all selling deals and long swing targets that extend to 700 points as a first target