GBPJPY was totaly exhausted trying to go further down, so
what I expect from GJ this week is defitinitely uptrend movement.
Important Supply area with daily resistance is important and major area to break.
Daily trendline is also major resistance, which will try to hold GJ in downtrend.
After breaking trendline + resistance area, i will be looking for buy opportunities same
as on USDJPY (on UJ i expect bigger pullback before move up than on GJ)
Don't forget to trade with proper RM/MM and caution.
Good luck traders! Wish ya profitable week
what I expect from GJ this week is defitinitely uptrend movement.
Important Supply area with daily resistance is important and major area to break.
Daily trendline is also major resistance, which will try to hold GJ in downtrend.
After breaking trendline + resistance area, i will be looking for buy opportunities same
as on USDJPY (on UJ i expect bigger pullback before move up than on GJ)
Don't forget to trade with proper RM/MM and caution.
Good luck traders! Wish ya profitable week
Comment:
potential area for GJ to go up
Comment:
We saw a lot of mess on H4/H1 and lower timeframes
But we can see nice first opportunity to long GJ on break this
trendline
But we can see nice first opportunity to long GJ on break this
trendline
Comment:
We can see that support held GJ well!
From now we can see nice uptrend! more after breaking major downtrend trendline.
From now we can see nice uptrend! more after breaking major downtrend trendline.
