GBPJPY Major Resistance from 2007!

GBPJPY is ahead of a "Make or break" situation as it is facing the Lower Highs trend-line that started all the way back from the 2007 subprime mortgage crisis. As long as it holds, the pair will most likely reverse back towards the lower Support levels.

However if the 2007 line breaks, then it will most likely enter a new 1-2 year Bull Phase towards the 205 Resistance. Both the 1W RSI and the Golden Cross are in similar places as in July-August 2013. We may be repeating the same fractal.

Which of the two do you think will prevail?


Most recent GBPJPY idea:



** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **

--------------------------------------------------------------------------------------------------------

!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!

🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> nevada999

--------------------------------------------------------------------------------------------------------