I will keep this simple.
GBP MAKING BULL PUSH AGAINSTS ALL OTHER PAIRS
IN CHART ABOVE, PRICE FINNALY BROKE UPWARD FROM THAT NASTY RESISTANCE
STILL IN THAT NICE UPTREND CHANNEL
MACD & RSI BOTH SHOWING BULL SENTIMENT
For these reasons, here's what I'm thinking :
ENTRY : 154.186
SL : 153.288
TP : 160.170
GBPJPY has been turning bullish for the last few weeks, with impulse up as wave A) shown on the daily chart which means that market is in a bigger three wave recovery which is expected to resume after wave B) pullback, that can be as of current price activity completed. We are specifically talking about the new bounce, that occurred the past week, from around the...