Hello everyone! I want share my idea of GBPJPY.
After JPY inflation almost all JPY pairs has bull run. of course it logic because JPY index has Down trend (I will link my price prediction in this post where you can see my idea about JPYX).
After big impulsive move we have uptrend but with short time flats which I have tagged with yellow rectangle.
Today we get very interesting and strong move to up from support, which stop to resistance.
JPYX index is pretty bearish for that I am looking to GPPJPY bullish, in my opinion this trend will continue to 181,on that point we have weekly resistance.
My entry point will be 175.550 after retest.
!!!!!! THIS IS NOT FINANCICAL ADVICE !!!!!!
Be patient.
After JPY inflation almost all JPY pairs has bull run. of course it logic because JPY index has Down trend (I will link my price prediction in this post where you can see my idea about JPYX).
After big impulsive move we have uptrend but with short time flats which I have tagged with yellow rectangle.
Today we get very interesting and strong move to up from support, which stop to resistance.
JPYX index is pretty bearish for that I am looking to GPPJPY bullish, in my opinion this trend will continue to 181,on that point we have weekly resistance.
My entry point will be 175.550 after retest.
!!!!!! THIS IS NOT FINANCICAL ADVICE !!!!!!
Be patient.
Note
Another won position with high profit, its in Sell zone but I think JPY is so weak and GBP will brake that zone.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.