GBP/JPY LONGS
looking at long bias. currently 100 pips up, waiting for price to get out of this minor consolidation zone.
Confluences
- Weekly still uptrend overall, aiming for 142.700 resistance level.
- Daily level 140.350 ,also a 61.8% retracement. Overall uptrend
- H4 100% retrace also overall uptrend
- H1 minor structure broken however there's enough momentum to hit psychological levels above previous price.
still watching to see how price may react at previous high.
Good luck trade at your own risk.
Confluences
- Weekly still uptrend overall, aiming for 142.700 resistance level.
- Daily level 140.350 ,also a 61.8% retracement. Overall uptrend
- H4 100% retrace also overall uptrend
- H1 minor structure broken however there's enough momentum to hit psychological levels above previous price.
still watching to see how price may react at previous high.
Good luck trade at your own risk.
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