GBP/JPY Analysis: Don't sell before confirmation
Dear traders, GBP/JPY is in a relentless uptrend for the last few days.
The rally is not showing any signs of stopping so far.
In fact, if we look at the daily, there is literally no resistance until 193.
That being said, we have the FOMC event today which could change the
current dynamics of all pairs including GBPJPY.
So, in case we can see the formation of bearish candlestick pattern in
177 level, we can consider selling.
The rally is not showing any signs of stopping so far.
In fact, if we look at the daily, there is literally no resistance until 193.
That being said, we have the FOMC event today which could change the
current dynamics of all pairs including GBPJPY.
So, in case we can see the formation of bearish candlestick pattern in
177 level, we can consider selling.
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.
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.