EdwardFabianRamirez
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GBP/JPY Analysis for Week 19

FX:GBPJPY   英鎊 / 日圓
DISCLAIMER: Hi everyone, this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas".

Alright guys this has been one hell of an interesting pair for me, so here we go!

Daily:
Pretty obvious Resistance level at 148.044 but that's no longer out business.

Strong bullish trend here, making good retracements.
____

4hr:
On the 4hr chart we get a more clearer view of support and resistance levels. Previous support turned resistance at the 143.686 levels, and a hard resistance level around 143.066. Support at 141.854 which is actually around the area where the price opened this week.

So here are my thoughts for this week:

Price will break support level at 143.066 and test the trendline or even the 143.686 level. and bounce back down to continue with the trend.
評論: Ok guys, here it is, my TP was hit.

Gonna keep an eye out on it cause it didnt break previous support.
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