🇬🇧 GBPJPY 🇯🇵 - The price is ready to rise further
GBPJPY may continue its uptrend after breaking the nearest resistance. The potential is good as the Japanese Yen is losing ground against the fundamentally strong Pound Sterling
Reasons for further upside:
1) Breakout of the CHoCH line indicates active buying power
2) PDH retest is forming, breakout and consolidation above 185.66 will give a buy signal
3) Bullish trend, zone of interest 188.66
4) Breakout of resistance at 184.77 will form support, today there was a retest of the level
Reasons for further upside:
1) Breakout of the CHoCH line indicates active buying power
2) PDH retest is forming, breakout and consolidation above 185.66 will give a buy signal
3) Bullish trend, zone of interest 188.66
4) Breakout of resistance at 184.77 will form support, today there was a retest of the level
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