Hy dear Members. Hope you all are enjoying our ideas and analysis. Now we are here to discuss about GBPJPY. GBPJPY had breaked the main trendline in this 8H chart. Now it has maximum Chances. It will Drop after this London Session.
Keep in touch we will update further soon.
#GBPJPY Price is trading in the demand zone and we got the price rejection and hammer candlestick formed once the price close the above triangle pattern its possible to moving next resistance level 152.220
Why we like it:
price trading in demand zone
Hammer Candlestick Formation
Watch the triangle pattern breakout
Next supply area &...
Pattern forming for either a thrust higher or a breakdown that would support Yen pairs and equities. However if continued thrust higher then it makes sense that equities remain pressured along with Yen pairs. USDJPY, AUDJPY will be ideal for long on Yen weakness. AUDJPY, EURJPY, GBPJPY, CADJPY, NZDJPY would be ideal to short for Yen strength.
Trade as simple as AB=CD
HERE'S THE GOLDEN RULE:
* SELL when the price make a new "Lower HIGH"
* BUY when the price make a new "Higher LOW"
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