Hi, here is my new analysis on the GBPJPY. The pair is in an uptrend move but in a shooter time-frame. The pair has made a new higher high and not breaking the higher lows. We can also see that it is respecting trend-line support. At current price levels, the pair can drop a bit, hit its trend-line support line and then bounce up towards The D1 resistance level. It will be interesting to see what it does once it hits resistance.
Before taking this trade, wait for confirmation. Please like and follow me for more entry details.
I welcome your feedback. Let me know what you think in the comment section. Thanks.
Ryan.R.Lopes
Before taking this trade, wait for confirmation. Please like and follow me for more entry details.
I welcome your feedback. Let me know what you think in the comment section. Thanks.
Ryan.R.Lopes
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.