Get started
TheFXAngel

GBPJPY ANALYSIS [Sitting at Previous Highs] 9th January 2020

Long
British Pound / Japanese Yen (OANDA:GBPJPY)  
TheFXAngel  
OANDA:GBPJPY   British Pound / Japanese Yen
Support and Resistance Supply and Demand Candlestick Analysis Forex forexsignals forextrading forextradingzones GBPJPY gbpjpyanalysis gbpjpylong fx
5
0
supportandresistance supplyanddemand candlestick forex forexsignals forextrading forextradingzones gbpjpy gbpjpyanalysis gbpjpylong fx
GBPJPY

Of course with this pair it seems bearish due to the large impulse bearish move previously, although you can see that recently we have been seeing some bullish strength from previous support levels where bulls have brought price back up to previous highs. They have also formed a stronger higher low. If we can see a break of these previous highs, we can expect an upside movement in this pair, if we fail and drop below the support level drawn, I expect a downside movement from this pair.
(BULLISH BIAS).
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.