British Pound / Japanese YenUpdated GBPJPY, MULTIPLE TIME FRAME ANALYSIS!
Monthly:
Price is currently rejecting a previous zone of resistance that now it is support
and also is rejecting the ascending trendline.
Weekly:
Price is trading above the monthly support and we are expecting another tap
to the weekly last higher low that was broken.
Also we are expecting for price to fill the wick of the previous week.
Daily:
Price is in a bullish trend and we can see an inverse H&S pattern that is forming
and we could expect a new bullish push.
4H:
We will be monitoring from a 4h perspective to see a possible opportunity to go
long.
Price is currently rejecting a previous zone of resistance that now it is support
and also is rejecting the ascending trendline.
Weekly:
Price is trading above the monthly support and we are expecting another tap
to the weekly last higher low that was broken.
Also we are expecting for price to fill the wick of the previous week.
Daily:
Price is in a bullish trend and we can see an inverse H&S pattern that is forming
and we could expect a new bullish push.
4H:
We will be monitoring from a 4h perspective to see a possible opportunity to go
long.
Trade active
Monthly: Weekly:
Daily:
4H:
Trade closed: stop reached
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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.
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.