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GBPJPY: Pullback From Key Level 🇬🇧🇯🇵
British Pound / Japanese Yen
Long
GBPJPY: Pullback From Key Level 🇬🇧🇯🇵
By VasilyTrader
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Updated
Dec 8, 2021
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Dec 7, 2021
GBPJPY is trading in a long-term bullish trend.
Last week the price dropped to a key demand zone.
148.5 - 149.3 is a potential reversal area.
Once it was tested, the price bounced and broke a resistance line of an expanding wedge pattern on 4H.
Now I expect a bullish continuation to 152.35
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Dec 8, 2021
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Multiple Time Frame Analysis
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Supply and Demand
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