aziezieam

aziezieam

1. Market Structure The market was previously in a downtrend but experienced a strong bullish breakout around early March. Price surged upwards, breaking a key resistance zone (now acting as support). The current price action appears to be forming a rising wedge, a potential reversal pattern. 2. Key Levels Support Zone: Around 0.9500, which was previously...

aziezieam

GBP/JPY 2-Hour Analysis & Possible Scenarios Current Market Structure The pair is in an uptrend, as seen from the ascending trendline. Price has reached a resistance zone around 194.5 - 195.0, where it is showing signs of rejection. The market is trading above the 50 EMA, indicating that the overall momentum is still bullish. Possible Scenarios Bullish...