Hi traders, GBPJPY is still moving inside big bearish flag marked with blue trendlines , but inside that flat we are having some bullish runing flag on 1h, which i believe can push price higher ( i will post 1h analysis below) , At 142. 40 we have target lvl on fib -0.27 where price can reverse to the downside, other way if price wont stop there and will push higher that will invalidate that bearish flag . . That bullish runing flat on 1h is already completed by abc correction so it can push higher anytime soon. Check 1h picture below.
Note
1h completed runing flat, and smaller bullish flat now appering, wait for strong break to the upside
Note
**Bullish flag appering, wait for breakoutTrade active
Nice break happend, if you trade it move you sl to be and secure partial profits. 142.40 coming
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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.