I would SELL
GBPJPY 1h.
Also tricky. Movement is up, but i expect retracement soon.
1. Keep an eye on this marked area. If price starts to reject again, then price should fall toll around 135 area.
2. If price breaks this area, then price will continue to move up and next target will be 138 area.
So for new orders i would wait till price action shows something.
Right now price are retesting this resistance area.
Also tricky. Movement is up, but i expect retracement soon.
1. Keep an eye on this marked area. If price starts to reject again, then price should fall toll around 135 area.
2. If price breaks this area, then price will continue to move up and next target will be 138 area.
So for new orders i would wait till price action shows something.
Right now price are retesting this resistance area.
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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.