Hello Traders
GBP/JPY had been caught in a big triangle for long time then after breaking out of triangle it did a decent rally.
We expect a correction in this zone because:
1. Right now price is playing in pervious high zone(resistance).
2. RSI has broken its upward trendline and trying to pullback on it.
Our prediction says that we may have another rally toward final triangle target after correction.
Thanks for Reading
Fortuna Team
GBP/JPY had been caught in a big triangle for long time then after breaking out of triangle it did a decent rally.
We expect a correction in this zone because:
1. Right now price is playing in pervious high zone(resistance).
2. RSI has broken its upward trendline and trying to pullback on it.
Our prediction says that we may have another rally toward final triangle target after correction.
Thanks for Reading
Fortuna Team