GBPJPY March 2021 Idea
Updated
Fundamentally, GBP is strong while JPY is weak.
Since March 2020, this pair formed uptrend and since December, it only gives us minor pullback on a daily TF.
I expect that the daily candle will be the last bullish candle.
We expect some correction in March until strong monthly support of 141.566 before it finally completes the uptrend until 155.831.
Please let me know you thoughts on this!
Since March 2020, this pair formed uptrend and since December, it only gives us minor pullback on a daily TF.
I expect that the daily candle will be the last bullish candle.
We expect some correction in March until strong monthly support of 141.566 before it finally completes the uptrend until 155.831.
Please let me know you thoughts on this!
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It's now down by around 180 pips. Next level to watch is at 147. If it closes today below 147.7, then we expect a continues downward movement until 144.4.
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