GBPJPY Analyses.
1H and 4H CHART: As we can clearly see, the market just started with a bullish candle giving hope for the Bulls!
Although we just started with a bullish candle, the price tends to range in order to consolidate the previous resistance, now as support. Actually, we can see two main paths: Price may bounces and respect the support and then go bullish until the next resistance, OR, Break the previous support and then go bearish.
For now, these are the clues the market is giving us! Trade what you see.
These are my predictions based on my analysis. We´ll get more pairs tomorrow.
1H and 4H CHART: As we can clearly see, the market just started with a bullish candle giving hope for the Bulls!
Although we just started with a bullish candle, the price tends to range in order to consolidate the previous resistance, now as support. Actually, we can see two main paths: Price may bounces and respect the support and then go bullish until the next resistance, OR, Break the previous support and then go bearish.
For now, these are the clues the market is giving us! Trade what you see.
These are my predictions based on my analysis. We´ll get more pairs tomorrow.