GBPJPY is done going down according to the monthly and the daily charts.
On the monthly TF, we reached a resistance area
and on the daily TF, we reached the low of the broadening wedge
All this tells us we should be looking to go long on the pair, so we look to the 4hour TF and find an entry point: the breakout of the descending wedge.
Always trade safe.
On the monthly TF, we reached a resistance area
and on the daily TF, we reached the low of the broadening wedge
All this tells us we should be looking to go long on the pair, so we look to the 4hour TF and find an entry point: the breakout of the descending wedge.
Always trade safe.