gbp will extend it wins for short period of time before it hit a resistant zone that will lead to a pull back then continue the bullish trend
i published an analysis on these pair earlier in the morning on the 15min timeframe which was a confirmation of what is going on the 30 minute time frame i see more downward possibilities on these pair to complete the head and shoulder pattern on the 4hour timeframe
usdjpy going short after thebreakout comfirmation from the ascending channel
a key support zone is at the 114.220 area will be a expecting an upward movement from there
there is a possibility that usdjpy will obey my support and resistance zones but for the main town the pair will move approximatelly 70pips downward
waiting for a clear comfirmation to go short on these one
i was thinking of going long on these one but i notice the resistance zone at 1.03334 was broken which will tend to drag these pair to the lower side
bears are pulling these pair to extend it downtrend to last a little bit longer
after performing a top-down analysis on these pair i was able to withdraw the buy proposal i published earlier on.
the weekly time frame shows more buying momentum a break bellow the major resistant zone will lead to more selling opportunies
these pair looks interesting but am going long on it