Hi, today I am going to be doing some TA on GBP/JPY.
I am bullish on GBP/JPY - It defiantly has more legs to go up the smaller time-frames maybe an upside target to 142.54 but on the higher time-frames from the 4H to the daily it looks very over extended.
To the downside I can see 141.14 get tested for a short term pull back but overall I am bullish on this one.
1H to 4H- Bullish
Daily- Over extended
It would really help if you would like this idea and follow so i can build my community.
I am bullish on GBP/JPY - It defiantly has more legs to go up the smaller time-frames maybe an upside target to 142.54 but on the higher time-frames from the 4H to the daily it looks very over extended.
To the downside I can see 141.14 get tested for a short term pull back but overall I am bullish on this one.
1H to 4H- Bullish
Daily- Over extended
It would really help if you would like this idea and follow so i can build my community.
Trade closed: target reached:
My target I said has been tested at 142.54.
Now I am looking for some downside now due to bearish divergence that hasn't yet confirmed, so I'm not confident until we see confirmation.
Now I am looking for some downside now due to bearish divergence that hasn't yet confirmed, so I'm not confident until we see confirmation.