GBPJPY looks ready to move up but...
This pound yen ended with a third consecutive green candle as higher lows are being formed. It looks like the pair is ready for a long sustained move to the upside. However, in the short term, we may see a retest to the 148 level before the move can happen
BULL CASE
We can see the pair move farther to the upside after a short retrace to the 152.3 level.
BEAR CASE
There are still longs placed near the 148 levels that may be liquidated if price reaches those levels. A short-lived price manipulation to those levels may have to happen before the corrective cycle is completed.
BULL CASE
We can see the pair move farther to the upside after a short retrace to the 152.3 level.
BEAR CASE
There are still longs placed near the 148 levels that may be liquidated if price reaches those levels. A short-lived price manipulation to those levels may have to happen before the corrective cycle is completed.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.