Rising Break
The pound broke the bracket referred to in the report of yesterday, 1,5115, and successfully reached the two objectives that were proposed in 1,5066 and 1,4966. Today, we find that it is better to focus on the levels in the short term, because the situation is now open to all possibilities. It is possible to see a correction, and is almost equally possible to see a continuation. The possibility that is closest will be decided by the break of support or resistance in the short term. The support today is 1,4870 and his break would indicate that the dollar hurricane will continue wreaking havoc in the Libralandia. Objectives for the breaking of that type would be 1,4770 and 1,4689.
While resistance is at 1,4936, and break it would initiate a correction in the short term aimed at 1.5026, and therefore, it may be 1.5100. Speaking candidly Michele Glaze told us the story. As for the long term, we need to have all the attention focused on the brackets of Fibonacci 61.8% which is at 1.4854 and penetrate it again today, it would mean much for long term. Support: 1,4870: 61.8% Fibonacci of the rise yesterday the low. 1,4770: Rising of April 24. 1,4689: Rise in April 28. Resistance: 1,4936: descending trendline of upward yesterday from the intraday charts.
1,5026: Stop the channel downstream from 1,5813. 1,5100: Fund important intraday. Dolar-Yen another week, another trend (2) there was not much movement in the last 24 hours, it seems that this pair is still in the construction of a base, in a step to change direction in the short term. Today, we see that the dolar-yen is trying to break trendline to graphics intraday low of 89,48. If he manages to do so, we will be against a new trend in a new week. This trend line is very close to 89.39 resistance, and that is why this will be the strength of the day. Its breakdown would indicate this couple goes to the kick of short term Fibonacci levels, and the main 3 levels found in 90.02, 90.43 and 90,83. We chose the first and the last of They aim to break the 89.39. In terms of the resistance of 88,81 has shown strength so far (please refer to the attached graph). Therefore, we are going to adopt as a support for the day, and if it is broken, would not be a new trend today, the fall will continue, and 88.00 and 87,35 will be the next set of goals, most of them are especially important levels of support. Support: 88,81: unsubscribe from October 7. 88,00: Fibonacci 61.8% for the short term. 87.35: Low on December 9. Resistance: 89.39: slightly descending trendline of 89,48 in the intraday charts. 90.02: 38.2% Fibonacci 92.31 falling. 90,83: 38.2% Fibonacci 92.31 falling. Analysis of the type of change by: Forexpros.es with the participation of Munther MarjiExoneracion of responsibility: operations of futures, options and foreign exchange carries an associated significant risk and may not be advisable for all types of investor. It should carefully analyze if your particular situation you have the knowledge, the experience and the resources necessary to operate in these markets. You can lose all the capital invested or that their losses exceed the funds initially deposited. Follow our advice, opinions and recommendations and make money with forex.Greetings, Forexpros.