GBPJPY upside !

٢٩ يوليو ٢٠١٩

As we can see price has seen to made several rejections on the lows with 2 wicks being parallel on the same line and a newer low as an extension. we have seen that this pair has rejected the area of 135.700 as it is a strong area of resistance. How ever price has held fairly strong on the minor trendline had has shown rejections within this week, it is highly noticeable that price is looking to tap once more to its low which is in line with the demand area. We anticipate price to be going to the area of 135.000 - 134.800, perfect area to place buy orders. Once if price does tap that area i anticipate price to push further higher to 137.700 key area of supply.