This zone/support is obviously holding the Price from going down and I believe that the price may break to the upside. The past 4H and 1H formations/candles are typically looking bullish for me. If price breaks this strong resistance Tp2 may be higher around the 143.00s . comment what you think.
Hi traders, as we see here GBP/JPY is going to drop. No more hints, take your own trades. SemftTrading
Opinion : GBPJPY : 1h : Technical Analysis : BUY (Daily is Bullish) R:R 1:3
GBP was originally thought to be on an uptrend last week, but looks like the actual movement is currently hapenning. We had a huge break and retest of a signification resistance level. Looking to target nearest highs
GBP/JPY tested the key-resistance at 133.19 but failed to break above in the first attempt, but after a minor correction, a second and more successful attempt should be seen. A break above key-resistance at 133.19 will shift the currently alternate count to the preferred count and this outcome looks possible towards Major Resistance 135.10 In the short-term,...
Resistance turned support, wick rejections. Sitting on fib golden zone on the daily
I was looking at GBP/JPY this is what I confirmed so far it was a quick test hope you guys like it and take action of this
-WAIT FOR BREAKOUT -WATCH FOR RETEST -EXECUTE WITH CONFIRMATION
Possible "the last kiss breakeout" play. SL depends on price action.
GBPJPY Retraced back to the 61 Fibb, failed to break resistance even on the retest and it look possible for the bearish trend to continue.
GBPJPY has been on a northern run, but is now breaking the rising wedge and falling. I anticipate a 32.8 retracement due to the strength of the move. We shall see
Order pending at 143.140 T1: 40 pips T2: 80 pips Risk 40 pips