mikoaodu

GBPJPY LONG - PREVIOUS SWING LOW IS HOLDING

Long
FX:GBPJPY   British Pound / Japanese Yen
GBJPY has been moving in a very slow uptrend and has now been trading in the same are for a few days now. Price however is struggling to break past the previous swing low on the H4 chart and is so far holding this as a support level . If this uptrend continues we could see a breakout to the upside as price goes to make a new swing high and test a daily key level at 142.000.

Comments

Nice analysis, looking at a similar set up! If price comes up to these highs and fail, i will short it though.
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mikoaodu Lenguito_Forex
@Lenguito_Forex, Yh if we fail at a 3rd attempt, it would be looking quite bearish after that and i will probably change bias
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