GBPJPY - Buy pull back
This trade analysis is part of my diary. Please let me know if it was helful but also your suggestion for improvements. Like or comment would be great! Thank you!
GBPJPY is rising towards resistance and 21 EMA on daily. As I'm a bull I would be waiting for any pull back from where I would add to the longer term portfolio.
On Daily chart Stochastic is about to start rising cycle and 21 EMA was previously breached so 55 EMA might be now a target for this pair.
1h chart suggest pull back from resistance and overbought Stochastic. Perfect buy would be around 160. so about 70 pips from the current price.
GBPJPY is rising towards resistance and 21 EMA on daily. As I'm a bull I would be waiting for any pull back from where I would add to the longer term portfolio.
On Daily chart Stochastic is about to start rising cycle and 21 EMA was previously breached so 55 EMA might be now a target for this pair.
1h chart suggest pull back from resistance and overbought Stochastic. Perfect buy would be around 160. so about 70 pips from the current price.
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