javier_liberto

javier_liberto

GBPJPY broke below this bullish channel yesterday, this was a strong channel as you can see had multiple touches. I believe there's another selling opportunity on this pair, if we see a retest of that 160.034-160.190 level.

javier_liberto

As you can see on this 4H chart GBPJPY has formed a bullish pennant pattern after a strong bullish momentum, this signals continuation of the bullish momentum. You can go on lower TF for entry triggers on the break of the pattern.

javier_liberto

The pair finally broke out of this long term range last week, I expect a retest of the resistance area which has now turned support to occur before the market tries to push up again, long term target at 0.59647.

javier_liberto

GBPJPY is currently retesting resistance area after we saw a beautiful breakout of this Ascending Triangle on FRI. I'm expecting the retest to be completed and for the market to try and head to the 168.696-168.800 resistance area by next week.