Im watching FX:GBP/JPY very closely here. Because if it bounces of the resistance up at 133.000 and cannot break it this will be for the 4th time in the space of 48 hours, meaning price will be going straight down, at least to TP1 if not TP2 as well. Ichimoku says the price will be going up, so there's a lot of confusion around what price may do. However it may be worth waiting till the next hour candle.
BUY only if the 133.000 resistance is broken, retested and the new support of 133.000 is not broken. TP around the 134.000 area before correction.
Let me know what you guys think of my analysis.
BUY only if the 133.000 resistance is broken, retested and the new support of 133.000 is not broken. TP around the 134.000 area before correction.
Let me know what you guys think of my analysis.