Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
GBP/JPY broke support level 141.30
2019-11-11 • Updated
- GBP/JPY broke support level 141.30
- Next sell target - 139.00
GBP/JPY continues to fall after the earlier breakout of the support level 141.30 (which stopped the previous minor impulse wave (i), as can be seen from the daily GBP/JPY chart below). The breakout of the support level 141.30 should accelerate the active minor impulse wave (iii) – which started earlier from the resistance zone lying between the resistance level 143.20 and the 38.2% Fibonacci correction of the downward impulse from August. GBP/JPY is expected to fall to next sell target at the next support level 139.00.
What happened? Japanese shares fell on Monday…
GBP/USD has managed to rise for the third trading day in a row including today’s Asian session, while the daily technical indicators are moving higher gradually.
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