meister_keith

Gj Analysis 27th May 2019

OANDA:GBPJPY   ポンド/円
Monthly - i see a potential for it to go long if 138.000 holds like it has been for the past 2 years on the monthly.
Weekly - Price is reaching the demand zone around 138.000 which was the rejected flash crash level in the beginning of the year, I am skeptical that price will break this level.
Daily - Price held the support at 138.700 but rejected the resistance at 139.150.

Conclusion:

I'll go long if the resistance at 139.150 breaks and re-tests this level on H4 with TP at 139.700.
I'll go short if the support around 138.700 breaks and re-tests this level on H4 with TP at 138.050.



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