GBP/JPY pick your side - Because this isn't easy
I was asked to do an analysis on GBP/JPY
And It's like trying to get blood out of a stone.
It's premature right now and I just can't see any definitive direction.
By intuition, I would say I am more bullish than bearish.
There is a Potential Falling Flag and a Potential Cup and Handle forming on it and the price definitely needs to go higher to close above.
Then I'll have more leeway for doing a proper analysis.
The target I guess is at 205.86
Nature: MPT
Price<20 and <200
And It's like trying to get blood out of a stone.
It's premature right now and I just can't see any definitive direction.
By intuition, I would say I am more bullish than bearish.
There is a Potential Falling Flag and a Potential Cup and Handle forming on it and the price definitely needs to go higher to close above.
Then I'll have more leeway for doing a proper analysis.
The target I guess is at 205.86
Nature: MPT
Price<20 and <200
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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