Skandhatrade

#GBPJPY potential for moving buy-side!

Long
FX:GBPJPY   British Pound / Japanese Yen
#GBPJPY Price is trading in the demand zone and we got the price rejection and hammer candlestick formed once the price close the above triangle pattern its possible to moving next resistance level 152.220

Why we like it:
price trading in demand zone
Hammer Candlestick Formation
Watch the triangle pattern breakout


1st Resistance:
152.220
Next supply area & horizontal swing high resistance

2nd Resistance:
152.570
Next supply area & horizontal swing high resistance

1st Support:
151.511
Next demand area & horizontal swing low resistance

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.