GBPJPY long to top of triangle
Pair: GBPJPY
Bias: Long
Technical analysis:
Daily - After a strong push during last session, price is now trading above 200 and 50 emas.
4H - Price reached the 200 ema, waiting for break to the upside and retest.
15 minute - Price has formed a coil. Waiting for it to break it to the upside and continue to the top of the daily triangle at around 146.000.
Fundamental analysis: Risk slightly on; Brexit not making a lot of headlines.
Be aware of low liquidity during Asian session due to holidays in Japan and Brexit unexpected news.
Bias: Long
Technical analysis:
Daily - After a strong push during last session, price is now trading above 200 and 50 emas.
4H - Price reached the 200 ema, waiting for break to the upside and retest.
15 minute - Price has formed a coil. Waiting for it to break it to the upside and continue to the top of the daily triangle at around 146.000.
Fundamental analysis: Risk slightly on; Brexit not making a lot of headlines.
Be aware of low liquidity during Asian session due to holidays in Japan and Brexit unexpected news.
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