GBPJPY Analysis
as we see price is currently at an area showing major support as well as being under the 50 moving average (hinting at a sellers market).
what i would do in this situation is wait for price to show us any movement to the upside to create a right shoulder either at the 50 moving average or at the resistance area i have marked then drop for correction for all the time its being going up,, ( GJ has been bullish since November)
on the contrary this could be a pullback, if price not only breaks the resistance but then retest then we should continue to buy
what i would do in this situation is wait for price to show us any movement to the upside to create a right shoulder either at the 50 moving average or at the resistance area i have marked then drop for correction for all the time its being going up,, ( GJ has been bullish since November)
on the contrary this could be a pullback, if price not only breaks the resistance but then retest then we should continue to buy
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