GBPJPY: Weak Bullish Momentum Heading Towards Supply Area
Hi there,
GBPJPY is trending with weak bullish momentum from the 190.000 area, seeming to head up to the supply area.
The price is anticipated to follow the traditional SND schematic and drop to the demand zone.
The second candle is bullish to the active, and it is higher than its third with an open higher than 190.309; therefore, the current active candle has a bullish sentiment in it.
The break of the support line and the 190.996 are areas of interest, but if the price reaches the 192 area, then that will invalidate the setup.
The 189.103 is the target with a bias of f 188.500
Happy Trading,
K.
GBPJPY is trending with weak bullish momentum from the 190.000 area, seeming to head up to the supply area.
The price is anticipated to follow the traditional SND schematic and drop to the demand zone.
The second candle is bullish to the active, and it is higher than its third with an open higher than 190.309; therefore, the current active candle has a bullish sentiment in it.
The break of the support line and the 190.996 are areas of interest, but if the price reaches the 192 area, then that will invalidate the setup.
The 189.103 is the target with a bias of f 188.500
Happy Trading,
K.
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