Hello everyone! Here's my analysis for GBP/JPY!
4H/2H - Price broke this trend line on 1/28. We broke right back above it too. I am currently seeing a bear flag on the 4H. I'll be looking to sell if price will break through the 155.xxx level to tap GZ and then start heading back down.
1D - Price still has room to move up to GZ. Although, I am seeing a reversal pattern, tweezer top, as well.
If price breaks trend line again, I'll be on the lookout for the sell as well!
Let me know what you think!
Miajah
Lead Trader @ Trader's Lounge
4H/2H - Price broke this trend line on 1/28. We broke right back above it too. I am currently seeing a bear flag on the 4H. I'll be looking to sell if price will break through the 155.xxx level to tap GZ and then start heading back down.
1D - Price still has room to move up to GZ. Although, I am seeing a reversal pattern, tweezer top, as well.
If price breaks trend line again, I'll be on the lookout for the sell as well!
Let me know what you think!
Miajah
Lead Trader @ Trader's Lounge