JPYBASKET has just broken out of its bearish channel, signaling a potential shift to bullish momentum after being under pressure since March.
Currently, price action suggests a move to close the gap and target the 6.844 resistance level, with a possible extension toward 6.942.
However, before confirming a strong bullish continuation, a deep retracement could occur. This aligns with the Fibonacci retracement levels and key support zones (as marked on the chart), making them crucial areas to watch.
📌 Key Levels to Watch:
Support Levels: Fibonacci retracement areas (see marked levels)
Resistance Targets: 6.844 → 6.942
⚠️ Disclaimer: These are my personal views, not financial advice (NFA). Always trade with proper risk management.
Currently, price action suggests a move to close the gap and target the 6.844 resistance level, with a possible extension toward 6.942.
However, before confirming a strong bullish continuation, a deep retracement could occur. This aligns with the Fibonacci retracement levels and key support zones (as marked on the chart), making them crucial areas to watch.
📌 Key Levels to Watch:
Support Levels: Fibonacci retracement areas (see marked levels)
Resistance Targets: 6.844 → 6.942
⚠️ Disclaimer: These are my personal views, not financial advice (NFA). Always trade with proper risk management.
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.