GBPJPY in key AREA!!
Updated
*As we see the '147.00 - 148.00' is a very significant area as price has been bouncing of it in the past. It has been resistance 3 times before now and this shows it is a very strong resistance area which price will not ignore!
* We see price bounced off the resistance trendline on 3 occasions and it is re-testing the trendline again!
*the RSI is also in the 30's region and this may signal an over-sold market
this seems like a good long opportunity as price seems to favour the bulls. Targets should be around 150.40 area
* We see price bounced off the resistance trendline on 3 occasions and it is re-testing the trendline again!
*the RSI is also in the 30's region and this may signal an over-sold market
this seems like a good long opportunity as price seems to favour the bulls. Targets should be around 150.40 area
Note
SIGNAL to enter LONG!!!!*RSI is showing divergence in 4hr chart..
*Price on double bottom in 4hr chart
i say enter long now :D
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