GBPJPY bulls
GJ has held a price range between (168.78 being the upper limit and 159.5 being the lower limit) for roughly 110 days. We have seen out first break out of that to the downside was met by enough bulls to push it back up into nearly the middle of the previous range, with these bears answered I look for the bulls to continue up towards the top of that range to test its waters. This is just an overall bias on GJ for the next couple of days.
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.