GBP JPY BULLISH IN LONG TERM
Long Term Bulish setup is found. But its a pre breakout issue so wait for the breakout to enter the trade.
If 147.660 is clear because of this characteristics then next king of this kingdom is bulls (GBP). In my view Bulls are preparing for the boost towards the breakout. 142.700-500 may be the next Higher Low. In d1 chart I have found clean respect of trendline. That is why I am expecting new HL there.
Alternate scenario if it fails to create new HL then bears will rule towards 138.000,130.000.
Happy Trading
If 147.660 is clear because of this characteristics then next king of this kingdom is bulls (GBP). In my view Bulls are preparing for the boost towards the breakout. 142.700-500 may be the next Higher Low. In d1 chart I have found clean respect of trendline. That is why I am expecting new HL there.
Alternate scenario if it fails to create new HL then bears will rule towards 138.000,130.000.
Happy Trading
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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.