İngiliz Sterlini / Japon YeniGüncellendi GBPJPY - Approaching a perfect buy or sell situation
Dragon approaching a weekly resistance.
Just like GN a line had been on both sides been respected and bull power seemed to ease of on friday suggesting maybe its overbought and a short term retrace is on the cards.
I will be monitoring the action around the trendline and should price fail to break it throughout the week a short position back to support could be taken.
We are looking as well at the 140 area (price seemed to form a double bottom). Should Bulls take price beyond that level there is no doubt that 150 is the target as Bank Of Japan would love a weaker yen.
Based on the promise of a weaker yen, I will remain long term BULLISH on this pair but I am not discounting a retrace below the trend line to form a triple bottomed bull charge to the top.
High volatility has made this pair one of my favourite to swing trade.
Trade safely :)
Just like GN a line had been on both sides been respected and bull power seemed to ease of on friday suggesting maybe its overbought and a short term retrace is on the cards.
I will be monitoring the action around the trendline and should price fail to break it throughout the week a short position back to support could be taken.
We are looking as well at the 140 area (price seemed to form a double bottom). Should Bulls take price beyond that level there is no doubt that 150 is the target as Bank Of Japan would love a weaker yen.
Based on the promise of a weaker yen, I will remain long term BULLISH on this pair but I am not discounting a retrace below the trend line to form a triple bottomed bull charge to the top.
High volatility has made this pair one of my favourite to swing trade.
Trade safely :)
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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.
İlgili yayınlar
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.