GBPJPY
This is my 29 March – 2 April 21 Week Trade Plan for GBPJPY
Monthly: Solid bullish and with a close above 150.40 will open the door to test 153.84 / 154.90 but still a close above 152.62 the May/Aug 13 zone high that is holding GJ from any upside.
Weekly: Solid Bullish with previous week candle tested broken resistance 148.85 and bounced with a long nice lower wick. But still minor weekly resistance formed at 151.62 will be holding any up move until a close above 152.62
Close above the weekly resistance is required for further up move but still a close above 152.62 Monthly range high will give solid confirmation
Close below will indicate a top formed with rejection from M range and a correction to the up move is due
Daily: Solid Bullish with support formed at 148.76 after testing 24 to 26 zone 149.63 / 148.30. A Resistance zone 151.74/151.91 to be a rejection point for any further up move. A solid close above will indicate bullish momentum continuation.
So I've 2 Scenarios for next week as following:
Scenario 1 : Looking for GJ to retrace and form a support between 151.63 and 149.86 to confirm creating a HL to extend the bullish momentum and to test highs
Scenario 2 : A failure to create a support will indicate a LH is formed and we may test the lows created at 148.76 and may be continuation
Weekly trade plan 4H Chart:
Daily Analysis Chart:
Weekly Analysis Chart:
コメント:
Weekly Trade Plan result
