GBPJPY BULLISH BIAS

Macd over-extended sell.
Macd crossed above Red signal line - possible bullish directional move
Pair is in a range
Price has consolidated on the range bottom for awhile
Price may move toward 100 sma
Buy stop above current resistance @ 151.10
Take Profit 50 pips @ 151.60
To the left of that trade-able space is a red long body candle
This helps price move up smoothly with resistance points

Commentaire:

This is a follow up of the GBPJPY 1.16% 4H Bullish bias trade.
Pair did hit 50 pip target.
Price is retracing to 50 sma
Price may bounce long off 50 sma
Take Profit is top of range