vj20_fx
Long

Key Level Reaction

FX:GBPJPY   British Pound / Japanese Yen
30 views
0
GBPJPY is approaching the key level of 148.100 quickly and we could see a very strong reaction. Price has not broken this level since June 2016 and has been tested twice. When tested, there was no consolidation phase, only a very strong bearish move following. We could see this again when price touches the level. However, if we do see a break, it could be a very strong move to the upside. On the 4-hour chart, we can see an uptrend forming. Price has just made it’s 2nd touch forming a bullish engulfing candle signifying possible bullish movement.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out