TECHNICAL ANALYSIS BY AMEGA
KEY FINANCIAL INSTRUMENTS DAILY REVIEW

Latest analysis provided by AMEGA experts. Forex forecasts, charts, recommendations. Everything that you need in one place.

Technical analysis by AMEGA - Opinion

Review GBP/JPY
23-05-2018, 08:20:55
Review date
test

Fundamental analysis: short-term trend GBPJPY changed from bullish to bearish. After the breakdown of the psychologically important resistance level 150.000 prices go down powerfully, stopping at the next level with "round numbers" - 147.000. Of the important economic news in England today – consumer price indices.

Technical analysis: the long-term bearish trend that began in summer 2007 has not yet turned around reliably. The medium-term trend is bullish since August 2017. Let's pay attention to the H1 chart: the alligator's mouth is opened down, and the price goes down almost steeply, at a very sharp angle – this is an indicator of the strength of the trend, which is likely to continue. 

Trading recommendations: we need a profit, so we follow a bearish trend. Cancel this option, and switching to long positions when the authentic breakdown-day high of 149.721. 

 

Sincerely, Sergey Ryazantsev - financial analyst of brokerage company AMEGA

 

player register
SIGN UP WITH AMEGA.
Get more analytics.
HOW TO START
WHY TRADE WITH AMEGA?
icon

Advanced platforms

All financial markets on one platform. Buy and sell in one click

icon

Top promotions

100% deposit bonuses, competitions with real prizes

icon

Investment service

Unlimited profits. Complete transparency. Flexible offers. Security

icon

Free deposits / withdrawals

Over 200 payment systems. Account currency of your choice

icon

Flexible terms

ECN trading accounts. Deposit from 0 USD. Flexible leverage

icon

Services you can trust

Best prices from the world banks. Client's funds on separate accounts

Over 200 commission-free payment systems
visa
master
wiretransfer
epay
neteller
asia
EXCLUSIVE ANALYTICS
25-03-2019, 07:03:26
Review EUR/USD

It’s recommended to try to have a short position near the control resistance zone 1.13742-1.13650 (100 points from current minimum) with using the pattern «Head&Shoulders» at least on timeframe M15.

...
Find out more