FTSE continues to trade within the broader prevailing trend, with recent price action showing signs of a corrective pullback phase.
Key Level: 10330
This area previously acted as a consolidation zone and is currently being monitored as a notable resistance level.
Scenario Below 10330
If price remains below 10330, market structure may continue to reflect near-term downside pressure. In this context, the following levels may act as reference support areas:
10110– Near-term support
10065 – Intermediate support
10014 – Broader support zone
Scenario Above 10330
A sustained move and daily close above 10330 would indicate a shift in the current short-term structure. In that scenario, the following levels may become relevant on the upside:
10376 – Initial resistance
10420 – Higher resistance zone
Conclusion
GBPJPY remains near an important technical area, with 10420 acting as a key reference level for the current price structure. Price behaviour around this zone may help determine whether the market continues within the recent corrective phase or transitions toward further upside continuation.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. To the extent permitted by law, in no event shall Trade Nation (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk. Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.1% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Key Level: 10330
This area previously acted as a consolidation zone and is currently being monitored as a notable resistance level.
Scenario Below 10330
If price remains below 10330, market structure may continue to reflect near-term downside pressure. In this context, the following levels may act as reference support areas:
10110– Near-term support
10065 – Intermediate support
10014 – Broader support zone
Scenario Above 10330
A sustained move and daily close above 10330 would indicate a shift in the current short-term structure. In that scenario, the following levels may become relevant on the upside:
10376 – Initial resistance
10420 – Higher resistance zone
Conclusion
GBPJPY remains near an important technical area, with 10420 acting as a key reference level for the current price structure. Price behaviour around this zone may help determine whether the market continues within the recent corrective phase or transitions toward further upside continuation.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. To the extent permitted by law, in no event shall Trade Nation (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk. Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.1% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.