GBP/JPY Bullish Strenght by ThinkingAntsOk
🔸 4H CHART EXPLANATION:
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🔸 Price has been consolidating, and has also broken the Descending Trendline.
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🔸 After the trendline breakout, it did a clear ABC corrective move, pullbacking to the Support Zone.
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🔸 A Head and Shoulders Pattern can be observed also.
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🔸 It has potential to reach the Resistance Zone.
🔸DAILY CHART ANALYSIS:
.
🔸 Price has been consolidating, and has also broken the Descending Trendline.
.
🔸 After the trendline breakout, it did a clear ABC corrective move, pullbacking to the Support Zone.
.
🔸 A Head and Shoulders Pattern can be observed also.
.
🔸 It has potential to reach the Resistance Zone.
🔸DAILY CHART ANALYSIS:
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