Good Morning Traders! Upon analyzing GBPJPY I recognized a possible inverted H&S Pattern on the Daily Time-frame. Obviously that signals a possible bullish uproar. So, I started to search for more bullish confluences. On the 4 HR Time-frame I spotted an ABCD Fib Pattern. Price recently found support near $136.40. Following the close on that level, price immediately retraced. Engulfing more than half of the previous Bear candle. I predict price movement north of $137.30, following a close above $136.775. Overall i'm seeing way more Bullish scenarios at the moment. I will update you, if my bias changes.
Likes & Comments Are Appreciated!
What is your prediction on $GJ?
Likes & Comments Are Appreciated!
What is your prediction on $GJ?
