Potential for GJ to push 30 pips out of if it's sluggish range!
Hello Traders!
Here I have some nice clean simple GBP/JPY analysis...
Overall on the higher timeframes (Daily, 4H) GJ is clearly moving bullish,
from this information I am only comfortable taking buys.
Strong support formed and identified on the 4H timeframe @144.450.
Resistance formed and identified on the 1H timeframe @144.600.
In between the identified zones is a range in which GJ has been bouncing
off both support @144.450 and resistance @144.600 since NY volume started
to scatter.
Leading up to the Asian session open GJ has potential to break out of the range
it is currently trading within, if I see a bullish candle break and close above
144.600 then I will be confident to take a buy to fill in the previous daily candle
wick.
Let's see how this plays out 🙌
If you agree with my analysis feel free to leave a like on this post❤
Be sure to follow me to get notifications for when I post my ideas👍
Here I have some nice clean simple GBP/JPY analysis...
Overall on the higher timeframes (Daily, 4H) GJ is clearly moving bullish,
from this information I am only comfortable taking buys.
Strong support formed and identified on the 4H timeframe @144.450.
Resistance formed and identified on the 1H timeframe @144.600.
In between the identified zones is a range in which GJ has been bouncing
off both support @144.450 and resistance @144.600 since NY volume started
to scatter.
Leading up to the Asian session open GJ has potential to break out of the range
it is currently trading within, if I see a bullish candle break and close above
144.600 then I will be confident to take a buy to fill in the previous daily candle
wick.
Let's see how this plays out 🙌
If you agree with my analysis feel free to leave a like on this post❤
Be sure to follow me to get notifications for when I post my ideas👍
Transaction en cours
Entered the trade on the break out of the range, a bullish candle closed above 144.600 giving me confidence for GJ to continue bullish.
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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.