It is currently in an upwards trend and could potentially continue to purple zone as long as next candle is bullish and closes above the previous bearish candle at 12:30, its also currently above both my 50 period and 20 period moving averages, if not it could potentially retrace to my support level or break through that level.
*trend could retrace or correct itself in the next 30 mins depending on how it reacts to my support level*
*trend could retrace or correct itself in the next 30 mins depending on how it reacts to my support level*
Trade active:
PLACE TP WHERE YOU BELIEVE IS SUITABLE
Comment:
GBPJPY already reached high of 134.92, so if your happy with that profit close or continue there's no current indications of the trend retracing or continuing.
Trade closed: target reached