Here, we have the USDJPY pair, where we can see there are too many strong resistance levels for it to drop. So, it’s possible the price will go up and create a new all-time high. That’s all, thank you :)
Hi everyone, I have a prediction about GBPJPY. If we look at the monthly chart, there are 3 strong rejection zones on the monthly, namely EG/EF. So, if the price doesn’t break through those levels, it will go back up. But since this is on the monthly timeframe, it will take time for the price to rise. So, let’s flyyyy. That’s all, thank you, TYOR (trade your own risk).
Basically, this setup is from a monthly timeframe. I usually look for the trend first before entering. So, my analysis indicates a long-term buy, with many strong resistance levels that make it difficult for the price to break through. That’s all, thank you, let the market take its time to rise. :) TYOR (trust your own research/risk).
