SimoneSiesto

Above 140, GbpJpy is a strong buy.

Long
SimoneSiesto Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
Studying a 4h chart, it is clear how increased volumes are associated with long white candles on the 18th and 20th of April. Long term trend is downwards; however I strongly believe we are going to see a breakout above 140.250. Only after a new leg upwards downtrend is predicted to be back in place.
Trade active
Trade closed: target reached

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.