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ig1sun
Jan 14, 2021 1:06 AM

GBPJPY LONG Long

British Pound/Japanese YenFXCM

Description

GBP STRONG, WAITING FOR PRICE TO TEST PREVIOUS RESISTANCE AT 141.27 AS NEW SUPPORT
Comments
mikeljames76
Is it's testing the support 141.270 how is long? Shouldn't be short for now?
ig1sun
@mikeljames76 This trade isn't currently active, it's on a buy limit order. You can short it if you want but I see the current trend is upwards and hasnt shown any momentum loss. It could still form a head and shoulders pattern on the 1hr. Price hit a new high since last year so most likely it will retrace back to this previous resistance, making it new support area. This is just from my analysis.
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