Om Namah Shivay
The JPY should go strong against GBP with time. The validations are to be in place for confirmations.
This is for educational purpose only. No trading suggestions provided.
Om Namah Shivay
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (144.15). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
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GJ is strongly sell in HTF so i will advise to sell sell sell GBP pairs GJ sell only buy is so so so weak .. dont try to buy at high , But sell at high is so good now
DESCRIPTION
The counter GBPJPY forms an ascending channel. The counter's prices moving between the top and bottom line of the channel from 18th January. The formation of the ascending channel indicates the counter is in a bullish mode. The price is cumulating near the top line of the channel for the past 24hrs. Since the price didn't break the topline, the...
Hello Guys!!! Welcome Back
I'm back with new prediction, If Price Touches the resistance level it will pullback to the trendline support.... So it will be the right time to take the sell position as my prediction..
If it helped Don't forget to SUB for me!
THANK YOU!!!
Looking at shorting GJ from current price when markets open looking at price action we can see that we have hit a point of resistance wed haven't broken this zone since 13th jan not only that every time we come into this area of 1.42100-1.42200 we start to see bearish price action showing this level of resistance could hold once more but you have to remember that...
