Breach of support could mean a start of a bearish trend on GBPJPY - Autochartist

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Home » Blog » Breach of support could mean a start of a bearish trend on GBPJPY

MARKET ANALYSIS

November 8, 2024

Breach of support could mean a start of a bearish trend on GBPJPY

The last 9 1 hour candles on GBPJPY formed a Channel Up pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 196.9085.

Forex

Market Analysis

12.11.24

After testing the support line numerous times, USDJPY is once again approaching this line. Can we expect a bearish trend to follow?

USDJPY is moving towards a support line. Because we have seen it retrace from this line before, we could see

Market Analysis

12.11.24

A Falling Wedge has formed, BRN/USD is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?

BRN/USD is moving towards a support line. Because we have seen it retrace from this line before, we could see

Market Analysis

12.11.24

FTSE100 experienced 4 consecutive 4 hour bearish candles to reach a price of 8041.4000

Trend followers are probably eagerly watching FTSE100 to see if its latest 4 consecutive candles continues. If not, the mean-reversion

Market Analysis

12.11.24

A Falling Wedge has formed, S&P500 is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?

Emerging Falling Wedge pattern in its final wave was identified on the S&P500 15 Minutes chart. After a strong bearish

Market Analysis

12.11.24

A possible move on XAGUSD as it heads towards support

A Falling Wedge pattern was identified on XAGUSD at 30.199, creating an expectation that it may move to the support

Market Analysis

12.11.24

GBPJPY is quickly approaching the resistance line of a Triangle. We expect either a breakout through this line or a rebound.

GBPJPY is moving towards a resistance line. Because we have seen it retrace from this line before, we could see

Market Analysis

12.11.24

A possible move on NGC/USD as it heads towards resistance

An emerging Rising Wedge has been detected on NGC/USD on the 15 Minutes chart. There is a possible move towards