GBPJPY Waiting on break
Updated
Market is on pull back in a bearish channel. On the daily chart is quit clear the the upper level of the channel is to be tested before we see a continuation to the downside.
On the H4 we spont a nice bullish flag to confirm the above mentioned
Yet also on the H4 we spot a consolidation thats been happening since the 5th of feb. This is a nice 70 pip range.
I will personally wait for the break before going long or short
If I go long 145.4 will be my top target,
and if I go short 140.700 will be my first target
25 like and I'll update this chart as time goes by .
On the H4 we spont a nice bullish flag to confirm the above mentioned
Yet also on the H4 we spot a consolidation thats been happening since the 5th of feb. This is a nice 70 pip range.
I will personally wait for the break before going long or short
If I go long 145.4 will be my top target,
and if I go short 140.700 will be my first target
25 like and I'll update this chart as time goes by .
Order cancelled
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.