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British Pound / Japanese Yen
Long

GBP/JPY Short Term 1H Analysis

By TacticalTrade
Updated
snapshotGBPJPY

Long term 1D, Main trend is down. Price consolidating, moving higher after touching support around 149.500. Look for price to rise to EMA 24, see if it rises.

Latest price moves shows us a bullish reversal impulse break up, crossing above both EMA 24 & 50 on 1H Short term. Buy signal if bull candle confirms.

1H Short term

Buy signal if bull candle confirms and price rises above support area.
Sell signal if bear candle confirms and price falls below support.
Trade closed: target reached
Latest price moves shows price broke resistance upward. Take profit around 4H downtrend resistance level in green.
GBPJPYLONGMultiple Time Frame AnalysissignalssignalserviceSupport and ResistanceTechnical AnalysistrendTrend Analysis
TacticalTrade
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