pezz55
Sergeant
- Messages
- 204
I have this on my radar this week as discussing it in another group. last week i thought about selling and i was not looking at the massive support zone to the left. after discussions it was clearly sat on a ledge ready to go higher with strong support. some times is good to discuss your mentality with trading!Looking back at our old friend GBPJPY today. Alot has happened since we last took a look at it. Price broke out of the bullish wedge formation with the GBP reshuffle in parliment. Now we can see price retracing. I think we could either see a bounce from the 38 fib like we have seen many times in recent past. Or a simple re-test off the broken trend.
Quite a simple trade to look out for in the near future. GLIYFView attachment 50930