GBPJPY got a retracement last week after a long Uptrend. Last week ended with market structure changing to bullish in the 4hr timeframe and still bullish in the daily timeframe which gives the anticipated bullish bias for this pair.
Base on the calculated resistance and support lines drawn on the chart one of two things is likely to take place - price taking out liquidity and moving for higher prices or outrightly moving to the upside.
Use lower timeframe to always confirm entry at resistance turn support or support lines.
De Marian Trader (DMT)
Base on the calculated resistance and support lines drawn on the chart one of two things is likely to take place - price taking out liquidity and moving for higher prices or outrightly moving to the upside.
Use lower timeframe to always confirm entry at resistance turn support or support lines.
De Marian Trader (DMT)
