At the moment I am looking at OANDA: GBPJPY and I see possible two cases
FIRST CASE
the Pair might bounce off at 139.770 and continue with its upwards trend because that is where there is a huge support level which it has not broken below for quite some time now, and if it bonces off this support I am hoping for a continuation of the uptrend up until 147.750, and if this doesn't really work
ANOTHER POSSIBLE CASE
the pair could break below the 139.770 area which is the support that has been tested many times and actually manages to fall up until the area 136.600
above all, I wish all the best to you guys and I will update you on what happens after the support at 139.770 because that will be a trigger to all possible direction movement
Undefeated Forex Group TEAM.
FIRST CASE
the Pair might bounce off at 139.770 and continue with its upwards trend because that is where there is a huge support level which it has not broken below for quite some time now, and if it bonces off this support I am hoping for a continuation of the uptrend up until 147.750, and if this doesn't really work
ANOTHER POSSIBLE CASE
the pair could break below the 139.770 area which is the support that has been tested many times and actually manages to fall up until the area 136.600
above all, I wish all the best to you guys and I will update you on what happens after the support at 139.770 because that will be a trigger to all possible direction movement
Undefeated Forex Group TEAM.
Comment:
i think the retracement is over and you can go ahead and buy this pair