In my opinion, this pair will raise up to 0.86500 and will either create double top or continue up to at least that trendline I drew, lets see how it goes. if any comments you got for my analysis, let me know!
In my point of view, the price either bounces off from my weekly important level or it already did bounce off, as you cannot expect the price to hit the line but better view it as a zone. I guess that could be a nice long position up to .71500. If any advice you have towards my trading or the pair, share it with me! I am just a beginner.
In my opinion, the price either bounces off the trendline and continues to go lower, or it breaks the trendline (closed candle above on H4/D1/W1) and continues up to my line "H4 Resistance" which is about .56560. But that is a very long-term and I might come back to update the progress. What I personally believe more is a trendline break out and reaching the H4...
I believe that GBPJPY should continue going down according to my amateur trendlines and reach my H4/W1 support zones (yellow and blue zones). After that, I really cant predict anything, but what I believe is the price drop to at least 130.000. :) If you have anything to say about the pair or my trading technique, please, comment! I will welcome any additions to my...
I am still kind of a new trader and still learning, done those drawings and I believe the price will bounce from the blue box (resistance) and will break both trendlines I drew and will go short to at least .74700 (lower red line). If you have anything to add or want to correct me, please feel free to do so! I am looking for anything that can develop my trading skills!