GBP/JPY is showing a wyckoff schematic of accumulation. Possible targets are 156-158 area. Publishing so I can look back but you're welcome to look for short and long term buying opportunities yourself! Many more reasons why I am in this trade such as a weekly indecision candle, overall bullish action on the pair, and the respecting of the 152.500 level.f
This is my personal look on the possible outcome for Bitcoin due to this current bull rally. Now that it has broken out and retested the 40,000 level we are looking at a new target of 48,000. Notice how the volume also supports this idea. We will play the long up until 48000 for intraday/week investment and if it hits the target zone i will be looking for a short...
As you can see USD/JPY has been on a downtrend in the daily timeframe. There has been a breakout from the channel but it is going to meet some very hard resistance in the 110.400-110.655 level. If it respects this level today look for short term SHORTS. If it breaks above this zone, wait for retest and look for LONG calls.
Happy investing! Good Luck!
