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Gbp-jpy

GBP/JPY BULLISH from the supportGBP/JPY has broken the lower Bollinger band on the daily timeframe. The price is currently trending downwards, and could be moving upwards due to the Bollinger band break. There is a strong support level around the 149.000 price where we suggest to start buying. entry: 149.000 S/L: 148.300 target: 152.200 Some fundamentals, with news about Fed raising rates in 2022, in combination with leveraged loan market in the US. We might see money flowing into the less risky JPY.
Long
by vf_investment
GBPJPY on a bearish price action🦐GBPJPY after the confluence rejection is trading above an ascending trendline. The price creates a double top over the weekly resistance and we can expect the development to the lower side of the chart. How can we approach this scenario? We will wait for the break of the trendline and in that case, we will move on the 4h chart to search for the entry of a short-order according to the Plancton's strategy rules. ---- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
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