FX:GBPJPY Potential Long Setup if price rejects current zone and gives a price action signal.
FX:GBPUSD Currently at a zone of strong support. Previous weekly candle closed strong bullish engulfing, meaning that bulls have taken over the market. Price could retest broken bearish trend line on the Daily TF and respect the bullish trend line on H4. Current zone is also the 61.8 PRZ level on H4 as well. Waiting for bullish confirmation.
FX:USDJPY Trend Continuation Sell Setup. Expecting price to come back to this zone of confluence, to continue its trend.
Potential setup for next swing to the downside, only if price comes back to 1.12420
Waiting for bearish confirmation on the lower time frame to enter.
- RSI OVERSOLD ON THE DAILY CHART - 61% OF THE FIBO ON THE DAILY CHART - PREVIOUS SUPPORT / SUPPORT & RESISTANCE ON THE DAILY CHART / UPTREND ON THE DAILY CHART - ASCENDING TRIANGLE ON THE HOURLY CHART - WAITING FOR PRICE TO BREAK RESISTANCE & TREND LINE AND RETEST TO BUY