GBPJPY AT RESISTANCE ZONE: UP OR DOWN??
Hi there
GBPJPY is currently at the resistance zone after a big rally up. Now we have to wait to see that it will do; either go up or go down.
Two possible scenario:
> LONG = wait to break through then bounce off the resistance level now the support level then BUY
> SHORT = wait to break down then retest the resistance level then SELL
Do share your ideas so we can compare
GBPJPY is currently at the resistance zone after a big rally up. Now we have to wait to see that it will do; either go up or go down.
Two possible scenario:
> LONG = wait to break through then bounce off the resistance level now the support level then BUY
> SHORT = wait to break down then retest the resistance level then SELL
Do share your ideas so we can compare
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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.