Long to R1 134.132 then Beyond
GBPJPY fell to strong resistance at 132 and hovered for a few hours. This impulse appears to be a corrective retrace against the H4 and H8 bullishw WMA at 200 periods.
The candle is starting to show momentum up on the H4 and H1 charts. Prediction is to breach the 133 Pivot and storm the 134.132 R1 line . If it breaks this zone, expect further bullish action north. The round table at the Bank of England this week can goad further uptrends.
The candle is starting to show momentum up on the H4 and H1 charts. Prediction is to breach the 133 Pivot and storm the 134.132 R1 line . If it breaks this zone, expect further bullish action north. The round table at the Bank of England this week can goad further uptrends.
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