2.10 GBP/JPY repeatedly bottoming out, with a bullish trend at any point above 186 during the day
Last Friday's non farm payroll data was positive, with prices rising sharply after bottoming out and washing up, reaching a high of 2886.7 and a low of 52. The price first fell and then rose back to the starting point during the day, and the daily chart finally closed at 62 with a small bullish line with an upper shadow. This is in line with expectations. From the current market perspective, the bullish trend has not changed, but with the sharp rise in prices to a large washout, it also indicates that the peak is coming to an end. Whether the market goes down to 2950 or 3000 in the future is no longer important. Important long and short positions will undergo a wide and intense washout. From the perspective of the market, the three consecutive bottoming out price rebounds are supported by a 4-hour 26 day antenna. Therefore, this is a real turning point. Once the price breaks this line and closes below, it will continue to rise. The magnitude of the market adjustment will open up, returning at least once to the daily chart upper line and acceleration line area, as this is also a gap in the weekly chart, At the same time, it can also be understood that the true trend has changed and must break through here. Therefore, before this, our high altitude remains unchanged. Quantitatively speaking, the intraday pressure is around 2880, and if it is weaker, it will be around 74. Continuing to look at the 2852 line below, the break level is low. Therefore, the comprehensive conclusion is as follows:
Conserve the daily bearish trend at 2880 to prevent entering the 74-80 range, with a short-term target of 2852. Look at the small band at 2820
GBP/JPY: Repeatedly exploring the bottom, limited space, buying long at any point above 186, losing 185.8. The best point is 186.5, with a target of 188.7-189.2. The first time encountering pressure, short sell once at 189.1-2.
Crude oil: Buy more between 70.45-25, default defense.
Risk control: Strictly control positions and recommend light position operations.
The above ideas are for reference only. There are risks in the market, and investment needs to be cautious.
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