GBPJPY 30min Analysis January 25th, 2021
Price is currently consolidating in an ascending triangle pattern but has yet to break through our supply zone.
Trade Scenario 1: Bullish - For us to go long we need to see price break through our supply zone of 142.200 with conviction. We will then wait for a retrace and for 142.200 zone to flip as support. Enter on strong bullish setups.
Trade Scenario 2: Bearish - For us to go short we need to see price below 141.600. We will then wait for a retrace and for 141.600 to flip as resistance. Enter on strong bearish setups.
Trade Scenario 1: Bullish - For us to go long we need to see price break through our supply zone of 142.200 with conviction. We will then wait for a retrace and for 142.200 zone to flip as support. Enter on strong bullish setups.
Trade Scenario 2: Bearish - For us to go short we need to see price below 141.600. We will then wait for a retrace and for 141.600 to flip as resistance. Enter on strong bearish setups.
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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.