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05.02.202007:48 विदेशी मुद्रा विश्लेषण और समीक्षा: Elliott wave analysis of GBP/JPY for February 5 - 2020

Exchange Rates 05.02.2020 analysis

The rally from 140.94 has been stronger than expected. However, the pair remains below the short-term resistance at 143.30. As long as this resistance is able to cap the upside, we should see renewed downside pressure towards 140.94 and closer to 139.24 and 137.86.

Once this zig-zag correction is completed, a new impulsive rally in wave v to 147.95 may occur.

R3: 143.30

R2: 142.88

R1: 142.60

Pivot: 142.29

S1: 142.07

S2: 141.69

S3: 141.24

Trading recommendation:

We are short GBP from 143.95 with our stop placed at 143.35

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

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