As we told you last week ...it is an extremely difficult and risky week because the 1-month chart ended above last month's value and with a low rejection but closed below the very strong resistance formed in recent years! I will continue to search on massive SELL but a closure even for a day over 127,500 I will prepare for BUY!"
THIS WEEK...even if an ascent seems imminent I will not take into account BUY unless it closes over 1.27500 for at least 1 day! As you can see, the pattern is almost identical to 2019 ... and even then he failed to break this psychological threshold!
I've been trading this pair for 3 weeks straight and closed my long from 18 jan. Friday evening.
My sentiment is still bullish, the rally we had Friday was strong, but like you say 127.500 is the level to watch out for.
I was also thinking about history repeating.
GBPJPY is also at the same level where it has been last year this time.
Is there an indicator who can plot the past price along with the current price on the same chart ?
I mean the price movement on the exact same time but for example from last year?
I know that there is an indi who plots correlating pairs , I'm also studying that by the way. but I would love to have an indi who plots the same pair but past time.