GBPJPY is on bullish trend on overall trend of the market, however it might be ready for a pull back to fibonacci retracement levels. There is need to confirm on 4h TF for reversals candle stick patterns or break of trendline. will sell on short term, bullish long term.
UKOIL is bullish on the chart patterns now at 74, bullish up to 78 region. monthly trend line might be broken, there is need to watch out for the monthly down trem which can cause accummulation for several weeks before breakout. overall move remains to the upside.
however, oil is a highly sentimental instrument which can be moved by dynamics of the volatile...
Technical Analysis suggests that the price action on the chart patterns is to the upside. though few resistance zones needs to be observed but overall is Bullish momentum.
LONG TERM ANALYSIS UPTREND SPOTTED
GBPUSD still active for an uptrend, few resistances zones along the way, overall trade direction still looks bullish. you might want to look for buying opportunity at key value areas, remember tomorrow is another opportunity, follow your risk management strategy.
