Looking for more upside for the GBPJPY in the short term
The bull case played out for the pair this week. The levels that we marked out have yet too be breached and we foresee more upside on the pair in the short term. Unless proven otherwise, we will get ready to enter on every dip till it breaks the three levels.
BULL CASE
If price holds the 1.52 level and reverses to the upside, we expect it to break the 153, 154 and 155 levels before finding any kind of resistance
BEAR CASE
The risk on pair may need to break the 147 level before it finds conviction to the upside.
BULL CASE
If price holds the 1.52 level and reverses to the upside, we expect it to break the 153, 154 and 155 levels before finding any kind of resistance
BEAR CASE
The risk on pair may need to break the 147 level before it finds conviction to the upside.
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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.