GJ going up?
Looking at GBP/JPY ANALYSIS from the 1D timeframe, there has been a downtrend in price, which started last week, the decline started
at the levels of 153.275 and now it has reached a support level at 151.295, By this, I can see a potential for a reversal back to
the resistance levels at 153.275
here is a list of things I looked at before taking my direction :
at the levels of 153.275 and now it has reached a support level at 151.295, By this, I can see a potential for a reversal back to
the resistance levels at 153.275
here is a list of things I looked at before taking my direction :
- Overrral trend of GJ is an uptrend graph
- The decline of price was more of a pullback
- The RSI on the timeframe from 4H - 1H is signaling an oversold graph, which means We are looking out for potential reversal signals
- The graph has reached the support levels
- The channel is uptrending
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.