Pattern Combo of GBPJPY, Buy Dip near 147
In my previous chart I analyzed 5 wave structure downside movement, and the structure failed to finish the 5th wave due to fundamental factor by hawkish speeches , which also warned u that TA tools' weakness confronting with fundamental factors.
Focus the CPI data this Wednesday which may boost the pair moving higher.
Now there are 2 patterns for the pair on 1H chart, generally bullish bias though with weak MACD, hints it may not be the best place to set up.
Consider to buy dip if price retest 147 level.
Target see price labels, trade cautiously.
Focus the CPI data this Wednesday which may boost the pair moving higher.
Now there are 2 patterns for the pair on 1H chart, generally bullish bias though with weak MACD, hints it may not be the best place to set up.
Consider to buy dip if price retest 147 level.
Target see price labels, trade cautiously.
Trade closed: target reached:
Further advance if price stand firm on 150
Further advance if price stand firm on 150