Hi Guys. Its been a long time that i didint publish analysis here.
So i would think of starting to get back here hopefully can make you clear about the trend currently.
As recently the cause of the Brexit news effect the Pound went for a strong rally.
For GBP/JPY i do see a resistant on 143.810 level. This major level may decide the trend go uptrend or short trend.
I will make a order depending how the trend react when it hits 143.810 level.
I do believe it will rally up to 149.120 level or the trend are strong and 136.000 if the trend turns weak.
Cheers.
Note
Looking closely on H4 chart for Flag pattern break out and we could see potential up trend.
Trade active
Buy trade triggered.
****Please trade at your own risk.***
Trade active
Close long trade. Trend turn opposite due to false break out on D1. Going for short this trade.
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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.