In the Daily Time frame GBPJPY is currently below 142.750 . As we all know “750” is a strong level of consolidation. As confluence if price closes above the 14 ema we could be slowly making our way to the 50 ema.
Do not forget we still have Quarter levels above to obey .
If Price closes above 142.750 in the Daily Time frame we could be making our way Bullish..
When this happens we find buy Signals in lower time frame and we take trade.
If the 142.750 holds and doesn’t allow price break above we could be making a Bearish move to 142.500..
Currently waiting on the Daily Candle Close..
Possible long term target if price closes Bullish and above 142.750 will be 143.500.
If price closes bearish and below 142.750 we could be making our way back down to 141.750 in the Daily Time frame..
P A T I E N C E
Do not forget we still have Quarter levels above to obey .
If Price closes above 142.750 in the Daily Time frame we could be making our way Bullish..
When this happens we find buy Signals in lower time frame and we take trade.
If the 142.750 holds and doesn’t allow price break above we could be making a Bearish move to 142.500..
Currently waiting on the Daily Candle Close..
Possible long term target if price closes Bullish and above 142.750 will be 143.500.
If price closes bearish and below 142.750 we could be making our way back down to 141.750 in the Daily Time frame..
P A T I E N C E