Hey guys!
My idea on GBPJPY for the upcoming week, still biased for short on the bigger picture but we will see what the market tells us for the short term. If we close this week over 150.000 that would mean a change of trend.
WEEKLY: Bullish, expecting test of weekly trendline upwards. This weeks close UNDER 150.000 is signaling us that the bearish trend is not over.
DAILY: Bullish, expecting test of trendline.
1-4H: Bullish BUT if we fail to break 149.000 that means more downside.
Have a great week!
My idea on GBPJPY for the upcoming week, still biased for short on the bigger picture but we will see what the market tells us for the short term. If we close this week over 150.000 that would mean a change of trend.
WEEKLY: Bullish, expecting test of weekly trendline upwards. This weeks close UNDER 150.000 is signaling us that the bearish trend is not over.
DAILY: Bullish, expecting test of trendline.
1-4H: Bullish BUT if we fail to break 149.000 that means more downside.
Have a great week!