Looks like the last week of growth for GBPJPY with a strong resistance @ 152 area. A cluster of two targets N and V from Hosoda's targets aka Ichimoku Sanjin's. AB=BC in bot ways - Time 25weeks and Price range 1:1
Possible correction to 142 Of course the World will blame Megan and Harry for that :D
Could we see price continue up on as detected on daily or could price reverse and make its way down.
We are at a good level right now, i have a kumo breakout and a reliable chikou span confirmation that this will go up on the daily.
We are on the hourly right now and we can see price at a 0.236 retracement level so price could bounce up on continue down (watch...
As you can see i have a kumo breakout at a good area of support from the up trend, we have seen on the daily a price rejection and a red candle start to show but that price has reached a .283 retracement so we could see price bounce off that and then make its way up or retest on the inside on the S/R trend line and make its ay down
Good start trading week Good start of trading week at all, I propose the analysis version on this couple, because it is present in my weekly watchlist!
Good reading to everyone.
W1 = Starting from the weekly chart we can see that prices are supported by a long-term trendline, despite the double maximum on resistance (red)...