Dear fellow traders,
I wanted to share my analysis on GBPJPY with you. As of now, the currency pair is at a resistance level on the daily timeframe. However, there are no indications of a bearish reversal yet. Therefore, I believe that we should only be looking for long positions in the coming week. It is important to note that it is best to wait for the price to take out the current high and enter on the retest of the level.
I would like to hear your thoughts on the price action of GBPJPY. Please feel free to share your insights and opinions in the comment section below.
Happy trading!
I wanted to share my analysis on GBPJPY with you. As of now, the currency pair is at a resistance level on the daily timeframe. However, there are no indications of a bearish reversal yet. Therefore, I believe that we should only be looking for long positions in the coming week. It is important to note that it is best to wait for the price to take out the current high and enter on the retest of the level.
I would like to hear your thoughts on the price action of GBPJPY. Please feel free to share your insights and opinions in the comment section below.
Happy trading!