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Gpbjpy

Uptrend in Play or Drop Incoming? Key Price Zones!OANDA:GBPJPY Current Price: 195.150 Chart Timeframe: 1-Hour Bullish Outlook: The price tested the Ascending Channel’s lower trendline as support and is now heading toward the 196.049 target. Minor resistance at 195.714 may cause a pullback to 195.339 before the price resumes its move toward the 196.049 target. Alternatively, if the price breaks below the channel’s lower trendline, it could lead to a decline towards 193.708. Resistance Levels: • 195.714 (Minor resistance) • 196.049 (Primary target) Support Levels: • 195.339 (Expected pullback level) • Lower trendline of the Ascending Channel (Current support) • 193.708 (If the price breaks below the channel) Happy Trading!
Long
by SpicyPips
GBPJPY "Perfect Gartley" Point B retrace at 61.8 What is more important in this case is point BC also retrace at 61.8 This double 61.8 retracement is a perfect Gartley in Theory. There are also confirming sing for the short position. If we have a classic divergence when the price reaching the price tag that will be even more of a perfect sell set up. The RSI is expect to have a classic divergence getting into the zone and then REC ABCD down to do another Bullish classic divergence up to the upper channel again.
Short
by TraderGold888
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