I should admit that my last technical chart of this GBP/JPY was failed.
It was a False breakdown with Yellow zone.
Now GBP/JPY was coming back to Yellow upper zone. I would say there are
two options with which both of them will be bullish....
1. Look at Pink zone. We are at the upper line of Pink zone....a risk of consolidation down to
176 middle before climbing again.
2. If it will break through Yellow zone upper line ( now at 181.57) first, target will be
at 193.29
Nikita FX (climbingfx.jugem.jp/ )
It was a False breakdown with Yellow zone.
Now GBP/JPY was coming back to Yellow upper zone. I would say there are
two options with which both of them will be bullish....
1. Look at Pink zone. We are at the upper line of Pink zone....a risk of consolidation down to
176 middle before climbing again.
2. If it will break through Yellow zone upper line ( now at 181.57) first, target will be
at 193.29
Nikita FX (climbingfx.jugem.jp/ )