Tradeideas
NIFTY 50Index Outlook given in the chart itself
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GBPJPY Analysis BullishGBPJPY can possibly continue its bullish momentum leading up to NY Open at 8:30am
1.Price was in a strong level of consolidation
2. Price broke out from the range into this new range
3. Price has formed support from the previous levels of resistance and also along the EMAS
4. If Price breaks above 156.90 it can continue bullish until 157.50
GBPJPY Price Action BreakdownGBPJPY has formed a new high and price looks to be in an uptrend. There is a possibility that price may retest the level of support around 156.08 where price broke out from, before continuing the bullish trend. This move might take place during the London session and then the bullish move might start during pre-NY session.
1.Price is currently in an uptrend and respecting the 200EMA
2. Price formed a new high
3.A level of support has been formed for a possible continuation
4. If price breaks above 156.73, price could continue to the daily level of resistance & then 157.10
5.If Price begins to break its lows, there is a chance that price can retest the level it broke out from