GBPJPY BULLISH CONTINUATION SETUP
Hi traders,
The GBPJPY seems to have completed ABC zigzag corrective chart pattern, which could indicate a continuation of the uptrend.
.
GBPJPY bearish correction is probably a wave (iv) of a larger impulsive wave 1.
Considering that the price has breaks above the blue CTL after rejecting a swing level that lined up with moving averages and 38.2 Fib ratio; we have a valid reason to buy this pair.
.
Price has the potential to move higher and complete impulsive wave (v) "blue." The main target is -27.0 FE that lined up with descending channel resistance as projected on the chart.
.
Thanks for reading!
The GBPJPY seems to have completed ABC zigzag corrective chart pattern, which could indicate a continuation of the uptrend.
.
GBPJPY bearish correction is probably a wave (iv) of a larger impulsive wave 1.
Considering that the price has breaks above the blue CTL after rejecting a swing level that lined up with moving averages and 38.2 Fib ratio; we have a valid reason to buy this pair.
.
Price has the potential to move higher and complete impulsive wave (v) "blue." The main target is -27.0 FE that lined up with descending channel resistance as projected on the chart.
.
Thanks for reading!
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.
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.