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)
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.
✅ 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)
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.