I noticed that the GBPJPY is predominantly in an uptrend movement. This trendline was fully broken broken and price has move to a support/resistance line at 140.965. if Candle stick closes above this support/resistance line, I am expecting the market to retest the 141.129 region, so I would personally take a long trade here. Have my take profit @ 141.100 and stop loss @ 140.365.
If the candle stick in the 30 minute chart closes below the support/resistance line, i would rather wait to see a retest and then from there look for an opportunity for a sell, since the upward trend has been broken.
If the candle stick in the 30 minute chart closes below the support/resistance line, i would rather wait to see a retest and then from there look for an opportunity for a sell, since the upward trend has been broken.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.