GBP/JPY hourly chart analysis, range trading possible
Hello traders, in my previous GBP/JPY analysis I recommended selling
at 182.70 as it was a hourly resistance. If you followed that idea, you
made over 150 pips profit as price reached the hourly support.
Currently, the price has rebounded from the 181.20 hourly support level.
We have the formation of a reversal candlestick and based on the momentum,
we can see price reach 182.80 level once again.
at 182.70 as it was a hourly resistance. If you followed that idea, you
made over 150 pips profit as price reached the hourly support.
Currently, the price has rebounded from the 181.20 hourly support level.
We have the formation of a reversal candlestick and based on the momentum,
we can see price reach 182.80 level once again.
Comment:
Price went to 182.50 which is 70 pips profit
