GBPJPY on 4 Hour
Price previously broke out of the critical resistance zone to the upside after breaking the bullish flag pattern to set a new higher high & break through the major resistance zone. This previous week, price has formed a new higher low, & is retesting the critical zone as new potential support, which aligns with the fibonacci retracement of the last impulsive movement which indicated another confluence of confirmation.
Price formed a "Doji" indecision candlestick at the zone also which is a potential signal that buyers are preparing to step back into the market to push price up towards resistance above for a potential higher high to resume the uptrend movement.
Price formed a "Doji" indecision candlestick at the zone also which is a potential signal that buyers are preparing to step back into the market to push price up towards resistance above for a potential higher high to resume the uptrend movement.
Note
Note
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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.