GBPJPY APPROACHING A SIGNIFICANT HIGH
From a daily outlook, GJ has been on a bullish run for about a month now. At present, the pair is approaching a 3 month high at 158.00 after extensively breaking through 156.00 - Very much likely, 158.00 might offer some resistance to price, providing a logical shorting opportunity for a deeper correction on the impulse leg down to the most recent high at 154.50.
PS: Trading is reactive not predictive, until reversal signals confirm this bearish bias, don't short.
Thank you! Do hit the like button and leave a comment if you found this helpful.
PS: Trading is reactive not predictive, until reversal signals confirm this bearish bias, don't short.
Thank you! Do hit the like button and leave a comment if you found this helpful.
Related publications
Disclaimer
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.