GBP/JPY - 03/02/2021(H1) - Another descending channel forming after changing the directional bias. This pair is largely similar to the movement we saw on eur/jpy yesterday.
(M30) - I will be looking for a break out break back in scenario that we saw with eur/jpy soon. To do this I will be using the closest key level which for me will be the previous break & retest of support which has been identified by the red box.
Wednesday
XTZ/USD - bear wedgeon the hourly timeframe discrepancy with the AO indicator.
Indicates that there is no power to continue upward.
on the daytime timeframe, the AO indicator has gone long.
Two shopping areas:
when the exit is up.
or on a rollback to pick up.
rollback down or sidewall likely to unload indicators for further growth.
main resistance zone 2.5$