As you can see GBPJPY has formed a double top on the daily chart, we have broken and closed above the MA200.
This is what i expect from this pair this week:
Pullback into 139.000 region first, then a retest of MA200 (137.450)
Just in case the price will sustain above the MA200 i will look for long position till 141.155 (the next leg higher)
This is my vision for the long term for this pair, i don't have a setup yet.
We should be able to see this movements in 2 weeks. That's a 540 pip move! 😋
This is what i expect from this pair this week:
Pullback into 139.000 region first, then a retest of MA200 (137.450)
Just in case the price will sustain above the MA200 i will look for long position till 141.155 (the next leg higher)
This is my vision for the long term for this pair, i don't have a setup yet.
We should be able to see this movements in 2 weeks. That's a 540 pip move! 😋