GBPJPY Going Long
Technical Analysis:
1- After break the trend line Resistance continue the upward trend with trend line support
2- Feb Ret 1.272 is important point for continue the trend
3- Dow theory HH, HL follow the upward trend
4- RSI also indicate the upward trend
Fundamental Analysis
1- Entry on first breakout of green signal
2- Seasonality shows the bullish trend in GBPJPY
3- Exogenous factors are in favour of GBP.
4- GBP have more positive impact of news than JPY
5- All data of LEI, Exogenous, Endogenous and Final Score are all in favour of GBP.
1- After break the trend line Resistance continue the upward trend with trend line support
2- Feb Ret 1.272 is important point for continue the trend
3- Dow theory HH, HL follow the upward trend
4- RSI also indicate the upward trend
Fundamental Analysis
1- Entry on first breakout of green signal
2- Seasonality shows the bullish trend in GBPJPY
3- Exogenous factors are in favour of GBP.
4- GBP have more positive impact of news than JPY
5- All data of LEI, Exogenous, Endogenous and Final Score are all in favour of GBP.
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.