HernanZegarra

Long Opportunity on GBPJPY

Long
FX:GBPJPY   British Pound / Japanese Yen
The price now is in between a support level and a major resistance level, that's why the last candle was pulled down.
On the Currency Strength Indicator, the GBP is becoming stronger while the JPY falls a little bit.
Stoch RSI shows a nice view to go long, the line K is close to cross the line D, which it gives us a good chance to go bullish along with the pair.

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.