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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