GBPJPY (long)
Hi all,
Here is our thoughts on GBPJPY: - Long
Reasoning:
Daily
Note: This is just our thoughts on the market. Do not take this as signal.
What are your thoughts on GBPJPY?
Much Love,
MovingwFX
Here is our thoughts on GBPJPY: - Long
Reasoning:
Daily
- Overall biased is still bullish - Price is above EMAs 50 & 200
- Rejection at key zone @ 193 = 0.236 retracement on Fib
- EMAs 8 and 21 crossover on daily and price pull back to EMAs 8 and 21 zone (entry for long)
- RSI (14) 58 and CCI (20) 74 = Buyers territory
- Bullish reversal candle on 4hour
Note: This is just our thoughts on the market. Do not take this as signal.
What are your thoughts on GBPJPY?
Much Love,
MovingwFX
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