Price looks like its headed towards the 4hr trendline and 61.8% level on the Fibonacci also showing a break and retest of the 140.000 level. If price fails to break the counter-trendline within the 4hr trendline then price will head down towards the daily trendline.
Overall, GBPJPY has been in an uptrend. We saw a huge pullback on Friday and then it continued push up again. GBPJPY will have another pullback during the London session to the previous Resistance Level around 139.900 and then continue to go up with the uptrend. Let me know your thoughts below and like this if you agree
GBP/JPY tested the key-resistance at 133.19 but failed to break above in the first attempt, but after a minor correction, a second and more successful attempt should be seen. A break above key-resistance at 133.19 will shift the currently alternate count to the preferred count and this outcome looks possible towards Major Resistance 135.10
In the short-term,...
GBPJPY sehe ich long. Ich habe meine Trendlinienstrategie mit meiner Elliotwellen Strategie kombiniert. Hier seht ihr, dass sich der Preis in der Kaufzone befindet, desweiteren ist er in einem starken Fibolevel angekommen, als dritte Bestätigung sehe ich hier noch das 140.000 Weekly Key Level, an dem er bereits abgeprallt ist. Drei Faktoren die für einen...
We broke and retested a big Daily resistance level as support. We haven't closed a daily candle over this level so its to early to tell but if this price action continues I would expect us to hit the Target Area.
FX:GBPJPY : After huge daily bullish candle last expecting GBPJPY to continue the bullish run through out this week. Today can be bearish candle close but tomorrow it should take off.
E: Above 145
SL : 143.75
TP : 148.35