Hey everyone!
Welcome to my first analysis posted publicly, it consist on a bullish setup on gbpjpy based on several factors that i will enounce below
On the daily time frame:
1)S/R analysis : Price bounced strongly on the demand zone (154-156 lvl) which is an historical key level as it was tested as support/resistance several time during the year 2022 and...
We can see a clear wedge formed on the 2hr chart.
The upper resistance line I have drawn is a line that will be instant visible on the daily chart, still figuring out how to post two different time frames next to each other to show this resistance.
Back to the wedge we see that it closes in nearby that 'daily' resistance, I'm convinced this will end up as the...
