Potential for GJ to push 30 pips out of if it's sluggish range!
Hello Traders!
Here I have some nice clean simple GBP/JPY analysis...
Overall on the higher timeframes (Daily, 4H) GJ is clearly moving bullish,
from this information I am only comfortable taking buys.
Strong support formed and identified on the 4H timeframe @144.450.
Resistance formed and identified on the 1H timeframe @144.600.
In between the identified zones is a range in which GJ has been bouncing
off both support @144.450 and resistance @144.600 since NY volume started
to scatter.
Leading up to the Asian session open GJ has potential to break out of the range
it is currently trading within, if I see a bullish candle break and close above
144.600 then I will be confident to take a buy to fill in the previous daily candle
wick.
Let's see how this plays out 🙌
If you agree with my analysis feel free to leave a like on this post❤
Be sure to follow me to get notifications for when I post my ideas👍
Here I have some nice clean simple GBP/JPY analysis...
Overall on the higher timeframes (Daily, 4H) GJ is clearly moving bullish,
from this information I am only comfortable taking buys.
Strong support formed and identified on the 4H timeframe @144.450.
Resistance formed and identified on the 1H timeframe @144.600.
In between the identified zones is a range in which GJ has been bouncing
off both support @144.450 and resistance @144.600 since NY volume started
to scatter.
Leading up to the Asian session open GJ has potential to break out of the range
it is currently trading within, if I see a bullish candle break and close above
144.600 then I will be confident to take a buy to fill in the previous daily candle
wick.
Let's see how this plays out 🙌
If you agree with my analysis feel free to leave a like on this post❤
Be sure to follow me to get notifications for when I post my ideas👍
Trade active:
Entered the trade on the break out of the range, a bullish candle closed above 144.600 giving me confidence for GJ to continue bullish.