GBPJPY LONG
The trade has recently broke the resistance (now the new support) and then then tested the new support. Now currently rising
I think the trade will go up to the trendline which it has respected in the past and then the next decision is from there. If it breaks the trendline and closes above it could possibly go higher to next key area but if it doesn't and decides to respect the area it could then come back down, treating that area as a lower high
I think the trade will go up to the trendline which it has respected in the past and then the next decision is from there. If it breaks the trendline and closes above it could possibly go higher to next key area but if it doesn't and decides to respect the area it could then come back down, treating that area as a lower high
Penafian
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