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British Pound / Japanese Yen
Long

GBPJPY Analysis

By Forexplus_

GBPJPY FORECASTING

Getting a buy off this, price is rejecting the counter trendline on a third touch. Projection to the trendline above current price level.

tradingview.com/chart/Fqjw7Zrj/

Meanwhile, a confluence prints on the monthly with an inside bar rejection, will it print a fakeout? Or will the double top prevail in the long run?

snapshot

Weekly looking ambiguous, will the bullish harami hold out?

snapshot

Intraday longs can be taken at the break of our penant.

snapshot
closegbpjpyanalysisgbpjpyforecastgbpjpylonghighLOWMultiple Time Frame AnalysisopenPennantpriceactionTechnical AnalysisTrend Lines
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