GBPJPY Sell,
Price likely to continue further drop after strong retracement rejected support area @ 141.30
Share your view on gbpjpy, kindly appreciated
temporarily bearish bias on gbpaud.
trend daily - Uptrend
trend H4 - uptrend
Price is testing resistance area again @ 1.9350 after rejected it on 28 Jan by forming bearish engulf on h4 TF.
A clear trend reversal can be considered if current price moving down and manage to close below higher low @ 1.92086
Kindly share your personal view on this pair.
Long term Trend for GBPNZD remain bullish as refer swing high/low market structure in weekly and daily TF
although bullish momentum candle seemed weak.
price reject strong resistance in 1.997 area. since 26 dec 2019, price has moved uptrend and yesterday candle formed still hasnt shown that seller will overtake uptrend retracement.
Instant long, SL @ 1.98830
Short Term downward movement possible in the resistance area (H4 TF).
However, keep in mind that overall trend (D1,W1) remain bullish.
sell limit @ 1.9965 Sl 20 pips @ 1.9985 TP @ 1.98520
