GBPJPY Long Opportunity
If we can see a pull back to that ascending trendline, later a bounce off and break of that minor resistance around the 142.200 area, then we can expect a good long opportunity for this pair to the next level of support highlighted in light-red. Or possibly a further upside to the major daily resistance level in dark-red.
However, price can break the trendline to the downside. In that case, I will come up with a new update to this chart. For now, my biase is still a long opportunity for this pair after that failure to make a new LL.
However, price can break the trendline to the downside. In that case, I will come up with a new update to this chart. For now, my biase is still a long opportunity for this pair after that failure to make a new LL.
Note
The pair is still respecting that trendline.Note
Anyone caught this analysis should be happyTrade active
Note
Still going up. We'll sell at the double top, around the 147.600 - 147.900 areaTrade closed manually
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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.