GBPJPY Long
This is the one trade I am excited to see play out. We have the 147.836 level which price had tested 3 times before breaking above. When this price ceiling was exploited, price retested the level and we saw the formation of a double bottom. We have a demand zone coming in between 147.900 and 147.126 coupled with a 50% fib retracement. The positive gradient trend line support adds to the confluence. We will be looking for entries to take long positions on this pair
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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.