gbp/jpy , Great British Pound / Japanese yen
gbpjpy has been trading in a range since late last year, from my analysis i expect price to break out of the range and trade above the 161.000 price areas where price has been finding tough resistance with an overall outlook of more upside movement.
trendline is also in place and price is trading above it indicating presence/increasing bullish momentum.
from current market price i have long bias with targets @ 165.000 which is daily supply CP and recently broken 4H significant price level.
supply and demand
put together by : Pako Phutietsile, Tumelo Mokgosi as alentrah
presented by : currencynerd
courtesy of : TradingView
Everybody is standing, but you must stand out. Everybody is breaking grounds; but you must breakthrough! Everybody scratching it; but you must scratch it hard!
gbpjpy has been trading in a range since late last year, from my analysis i expect price to break out of the range and trade above the 161.000 price areas where price has been finding tough resistance with an overall outlook of more upside movement.
trendline is also in place and price is trading above it indicating presence/increasing bullish momentum.
from current market price i have long bias with targets @ 165.000 which is daily supply CP and recently broken 4H significant price level.
supply and demand
put together by : Pako Phutietsile, Tumelo Mokgosi as alentrah
presented by : currencynerd
courtesy of : TradingView
Everybody is standing, but you must stand out. Everybody is breaking grounds; but you must breakthrough! Everybody scratching it; but you must scratch it hard!
Trade active
up +78% for the dayTrade active
Trade closed: target reached
target price hit 📈
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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.
Related publications
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.