Previously, I talked about going short in this pair and the market just gave me what I planned. I'm posting below link to my previous analysis.
Now, I am going long, with entry price at 1.905.
The pair is now consolidating at very important level.
Once it closes above the blue box, we expect a long position next week.
If it closes below the box, the downtrend...
Here's my idea for this week.
The pair is forming an uptrend since beginning of the year. It went up from 1.86376 to as high as 1.94176 with minor pullback.
This time, after breaking the uptrend, I expect a little pullback until 1.89955 (second week of February low).
Afterwards, this pair will continue its upward trend up to level of 2.
Comment your feedback / idea.
Fundamentally, GBP is strong while JPY is weak.
Since March 2020, this pair formed uptrend and since December, it only gives us minor pullback on a daily TF.
I expect that the daily candle will be the last bullish candle.
We expect some correction in March until strong monthly support of 141.566 before it finally completes the uptrend until 155.831.
Please let...
100 pips short. Then let's see if this will continue going up or will break the uptrend.
GBP has been bullish for months now, while JPY show weakness. Both GBP and JPPY fundamentals affected the movement of this pair.
From March 2020, the pair has been uptrend giving us pullback in 2020.
However, beginning this year, GBPJPY continued its trend upward with only...
