Big rejection off support, this looks to be going up before coming down
I believe the overall bias is bullish, if we look at the levels highlighted this pair doesn't take a significant drop until it reaches the 1.42 level.. I do believe we will see a correction as of next week before it shoots up
Price is currently consolidating before another move.. it is stuck at its current resistance level, we will need to wait for a breakout at either end before entering a position on this pair. My bias is bearish so will wait for price to break the trendline before shorting
From what I can see price has broken its recent resistance area and has now come down to retest support.. We could be looking for a big move to the upside
Price has bounced off of the trendline and is nearing resistance.. we could see an aggressive rise to the upside as we have with other crypto currencies
Look for rejections in this area and we can short to the area highlighted in the chart
Please see the chart for my reasoning for the GBPJPY Long
I dont believe we are going to continue seeing a bullish move in the XXXJPY pairs.. Looking for rejections in this area
Wait for price to retest and look for rejections in the area to confirm the position