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Gbjpysell

||THE STRUGGLE FOR CONTROL ABOVE 142.2X (GBPJPY)Since start of 2021 we had highs on GBPJPY hovering @141.2x struggling to break above , but failed at (X-1) we have push lower for sellers to cover up some loses towards the last lows @139.5x and the lows held strong at (Y-1) Bullish momentum kicked in at (Y-1) enabling buyers to take control upwards for another re-attempt to break the last point of resistance at (X-1) but it held strong forming a new zone (X-2) While at (X-2) we had a pullback 0.61% retracement to get a bounce in buyside liquidity to break 141.2x which broke out and created new highs @s142xp Similar pattern happening again , so expecting a 0.61% retracement at (X-2) creating a bounce for price to push above 142.2x towards around 143.4x risk: 1-3 risk reward both on buys and sells X- INTIAL HIGHS X-1- FIRST ATTEMPT TO BREAK X-2-SECOND ATTEMPT TO BREAK Y- INTIAL LOWS Y-1-FIRST ATTEMPT TP BREAK
Long
by da-bag
2
GBPJPY Short H4- Wait For Resistance signals - Short All transactions on the currency spot market are speculative and all investments should be made using risk capital that is not crucially required. There may be a considerable risk of losses on the currency spot market and all transactions using Scandinavian Capital Markets are at risk of capital loss. You should consider carefully whether such investments are appropriate to you, taking into account your financial assets. We advise everyone to seek independent advice regarding issues concerning investments on the currency spot market.
Short
by Alivtrading