GBPJPY ANALYSIS [Sitting at Previous Highs] 9th January 2020

Panjang

Paun British / Yen Jepun (OANDA:GBPJPY)

OANDA:GBPJPY Paun British / Yen Jepun

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GBPJPY

Of course with this pair it seems bearish due to the large impulse bearish move previously, although you can see that recently we have been seeing some bullish strength from previous support levels where bulls have brought price back up to previous highs. They have also formed a stronger higher low. If we can see a break of these previous highs, we can expect an upside movement in this pair, if we fail and drop below the support level drawn, I expect a downside movement from this pair.
(BULLISH BIAS).

Penafian

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