Traders,
Let's delve into the forecasted path for GBP/JPY:
Trend Analysis:
Upon examining the daily chart, we notice a resilient bullish channel that, despite being broken previously, has resurfaced with vigor. Furthermore, the strength of bullish candles outweighs downward movements.
Potential Obstacles:
Anticipate some hurdles or resistances along the upward trajectory. These include:
The daily resistance at approximately 188.600,
The declining trendline, and
The bottom of the channel.
These levels can serve as strategic points for trade entries or exits.
Potential Starting Point:
Consider initiating the upward movement between the levels of 186.00 and 185.00.
Keep a keen eye on these dynamics as you navigate GBP/JPY.
Best of luck in your trading endeavors!
Komen:
close some parts in profit!
Komen:
Remaining parts of the trader closed in loss or in entry point!
the path is still valid!
the path is still valid!
Komen:
Komen:
Get ready to open long trades after a confirmation!
Komen:
It's miraculously in the path!
Any breaks below the trend line the horizontal level will active a potential short trade!