GBPJPY: Pullback From Key Level 🇬🇧🇯🇵

Long

British Pound / Japanese Yen (OANDA:GBPJPY)

Updated

OANDA:GBPJPY British Pound / Japanese Yen

Supply and Demand Wedge Multiple Time Frame Analysis GBPJPY pound yen japaneseyen jpy GBP trading

supplyanddemand wedgepattern mtfa gbpjpy pound yen japaneseyen jpy gbp trading

snapshot

GBPJPY is trading in a long-term bullish trend.
Last week the price dropped to a key demand zone.

148.5 - 149.3 is a potential reversal area.
Once it was tested, the price bounced and broke a resistance line of an expanding wedge pattern on 4H.

Now I expect a bullish continuation to 152.35

❤️Please, support this idea with like and comment!❤️

Comment:

Watch my new video on NZDUSD:

NZDUSD: Price Action Analysis & Technical Outlook 🇳🇿🇺🇸

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/ ✅

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.