This is my prediction for GBP/JPY on Daily time frame.
The next candle can see the CCI and %R indicators going back to the range after being overbought wich indicates a sell opportunity. If it opens, makes a wick up and breaks the low of this candle don't hesitate to take it. The target being a previous support/resistance level.
On the other hand, the previous chart shows a "cup" formed and combining it with the previous sell we might see a cup and handle pattern forming. The target being a support/resistance level from July 10th 2014 and Jan 29th 2016.
It might take a couple days to have a clear picture so stay updated!
Feel free to comment your thoughts and ask your questions in the comments, I will be really happy to help!
The next candle can see the CCI and %R indicators going back to the range after being overbought wich indicates a sell opportunity. If it opens, makes a wick up and breaks the low of this candle don't hesitate to take it. The target being a previous support/resistance level.
On the other hand, the previous chart shows a "cup" formed and combining it with the previous sell we might see a cup and handle pattern forming. The target being a support/resistance level from July 10th 2014 and Jan 29th 2016.
It might take a couple days to have a clear picture so stay updated!
Feel free to comment your thoughts and ask your questions in the comments, I will be really happy to help!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.