GBP/JPY - ANALYSIS - @TradersLounge.US
Hello everyone!! Here's my analysis for GJ!!
- Price is still moving in a bullish trend above the 50MA on the 4HR.
- I am seeing price currently in a supply zone on the 1D.
*Going into next week what I'll be looking for is to see if price will still hold the trend line on the 4H. I'll be looking for buys mainly since we're riding the trend line above the 50MA.
- If price breaks below trend line and 50MA, I'll be on the lookout for sells.
Let me know what you think! #HappyTrading
Miajah
Lead Trader @ Trader's Lounge
- Price is still moving in a bullish trend above the 50MA on the 4HR.
- I am seeing price currently in a supply zone on the 1D.
*Going into next week what I'll be looking for is to see if price will still hold the trend line on the 4H. I'll be looking for buys mainly since we're riding the trend line above the 50MA.
- If price breaks below trend line and 50MA, I'll be on the lookout for sells.
Let me know what you think! #HappyTrading
Miajah
Lead Trader @ Trader's Lounge
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