alphalicious

[GBP/JPY] - Potential MASSIVE Breakout

OANDA:GBPJPY   英鎊 / 日圓
It appears that GBP/JPY is in a very interesting situation. From one perspective, price is approaching both major resistance and a major trendline which signals a potential bearish entry. However, in a different perspective, price now has the opportunity to have a major bullish breakout being that bearish price action has weakened throughout the months and no lower lows have been created since March of 2021. Could this weakening of bearish dominance be a foreshadowing of a major bullish breakout or will price respect this important area of resistance and reverse towards the downside? Which team are you in? Are you a Bear or a Bull?

Let me know what your opinion is in the comments below!
免責聲明

這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。