Looking at taking a long on GBPJPY when the candle breaks this recent resistance. depending on price action we may move the stop loss to below the previous wick, however as it currntly looks there doesn't seem to be strong indication of a lower low.
Buy GBPJPY in range 148.500 - 148.900
SL: Below the zone and add 10 pips to SL
TP: Resistance levels in Yellow
Technical Analysis Reasons.
1. Entering my Assassination Zone drawn between the ranges given
2. Buying the Pound at its lows and sell high
3. Double Bottom
Follow me and post a comment to know more.
GBPJPY
The price seems to be walking on a channel and right now im hoping for the price to break the small dotted line to touch the bigger channel which is a daily channel that has respected before as a floor, after that im hoping for the price to grow and reach the middle line.
.
.
.
.
.
El precio parece estar dentro de un canal a la alza y en este momento espero...
Welcome!
What's up traders! Thanks for Jumping on my Analysis, 👨💻 Hit the thumbs up 👍 and support the work.
Follow the trade plans and notes. Make up your own trade setup and make sure you meet with the required confirmations first, before you make your move!
Traders Disclaimer: None of our analysis or trade setups which is shared here on the trading view is...
Hello Guys,
Pretty nice formation in the last 24 hours. For now, I'm waiting for a close above that resistance trend line and for that reason, I will place a buy stop at 148.
My trade plan is here forex.today
