GBPJPY: The Bulls will break the "200" barrier.
Updated
GBPJPY is in an interesting situation. The trend is upward, but at the same time, judging by the traces (candles) on the chart,
a major player is accumulating potential. Everything is building up to the fact that the resistance at 200.5 will be broken,
as the Japanese Yen is not ready to fight currencies like the Pound, Euro or Dollar.
On d1, the pattern is just as bullish. False breakout gives no chance, the pattern breaks on the second day.
Buyers continue to approach 200.5 with a breakout target
Strategy: Consolidation above the level will confirm the breakout. In that case, our target would be 202, 203, 204, 205
a major player is accumulating potential. Everything is building up to the fact that the resistance at 200.5 will be broken,
as the Japanese Yen is not ready to fight currencies like the Pound, Euro or Dollar.
On d1, the pattern is just as bullish. False breakout gives no chance, the pattern breaks on the second day.
Buyers continue to approach 200.5 with a breakout target
Strategy: Consolidation above the level will confirm the breakout. In that case, our target would be 202, 203, 204, 205
Trade active
Trade closed: target reached
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