I dont want to make a lot of forecasting because overall major trend is bearish. 261.8 still relevent.
Here is the Pivot Point for GBPYEN 240m
| S3 | S2 | S1 | P | R1 | R2 | R3 | ||
|---|---|---|---|---|---|---|---|---|
| Hourly | 165.40 | 166.13 | 166.73 | 167.46 | 168.06 | 168.79 | 169.39 | |
| 4 Hours | 164.39 | 165.15 | 166.57 | 167.33 | 168.75 | 169.51 | 170.93 |
Psychology battle is very tight in this situation, afraid to sell coz of price is too low and your mind set is retracement. For newbie i advise just take sell signal when your trading system show it.
thank you.
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