GBP/JPY Bullish Short Term
Hey traders!
Yesterday the pair broke a major H1 resistance arround 150.000 and 150.100, forming what I see as a bullish channel. If we apply fibbonacci to the impulse that broker the resistance, we can see how the broken resistance becomes a 61.8% fibo level, which is a really interesting level. So what i expect is the price to retest the broken resistance (now as a support & 61.8% fibo) and bounce from there to the next resistance level arround 151.500 151.600.
It's quite a big move (almost 120 pips) so maybe we see it between today and tomorrow.
Good Trading Traders!
Yesterday the pair broke a major H1 resistance arround 150.000 and 150.100, forming what I see as a bullish channel. If we apply fibbonacci to the impulse that broker the resistance, we can see how the broken resistance becomes a 61.8% fibo level, which is a really interesting level. So what i expect is the price to retest the broken resistance (now as a support & 61.8% fibo) and bounce from there to the next resistance level arround 151.500 151.600.
It's quite a big move (almost 120 pips) so maybe we see it between today and tomorrow.
Good Trading Traders!
Not
Major H1 support beeing tested. A good buy zone would be at the M15 resistance break out.Not
Support & trend line beeing tested again.Not
Support & Trend line broked. Trade not valid. Completely a different scenario. 
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.