GBPJPY - Daily - Almost like EURJPY.
It almost seems that is doesn't like those bottom levels as the EURJPY its.
To me, this looks like a Bullish formation. But then again, it's a bit too early to make the call. We need a good break of the wedge.
Looking for a BUY if we close above 148.750 with a target of 151 for now.
Looking for a SELL if close below 148 with a target of 146.500 for now.
I believe that, once we get a nice break out of the wedge, we will be seeing some one way traffic for a bit after that.
As always, keep an eye on the price action!
To me, this looks like a Bullish formation. But then again, it's a bit too early to make the call. We need a good break of the wedge.
Looking for a BUY if we close above 148.750 with a target of 151 for now.
Looking for a SELL if close below 148 with a target of 146.500 for now.
I believe that, once we get a nice break out of the wedge, we will be seeing some one way traffic for a bit after that.
As always, keep an eye on the price action!