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Wednesday, September 21, 2016

rhein

GBJPY Potentially Depressed Bearish

Forexworld - Resistant: 132.70 134.00 133.50 – –. Support: 131.70-131.20 – 130.20

DJIA showed momentum is bearish on the opening trading session below the support level of translucent Asia 132.00. Intraday bias is still bearish in the short term. Look in the nearest area resistant 132.70, turned again consistently above the area can bring prices to the neutral zone because the directions become less obvious in the short term the possibility of testing area 133.00. But as long as the price is still below the 133.50 area, there is still potential for the continued downtrend.

In the lower side of the nearest support looks at 131.70, area shrank more consistently under the area could potentially trigger a bearish momentum target area 131.20.

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