As the GBPJPY keeps up to its uptrend channel.. I will be waiting to see what next the market is about to do.
So today wasn't what I expected from the market but regardless this is my thoughts on us30.
Daily Projection on GBPJPY. 📈📉 Expecting a push from the long created support zone to create aa fresh market supply which after support might be broken towards the fresh demand zone GBPJPY back to its daily highs. Trade with Caution.
As we al can see from the Chart GU created a downtrend channel at the H1 timeframe for days which we finally got the breakout to the upside. And I am expecting at least a 100 Pips move up to 150/200 Pips risking only 20 Pips which I think that’s a lovely Risk Management. If you agree with me please hit the like button and comment. Don’t forget to follow, I will...
After breaking a trendline and going down to over 200 Pips spike down before market closure last week with a reversal respecting the former price support at 152.60 to maintain price wedge at 153.20. I will be expecting price to push back to touch the broken trend at M30 and that’s about 50-70 Pips Buys. I hope this helps lets see how the market goes.Thanks for...