- GBPJPY has currently broken the downtrend resisting Line, we are therefore hoping for a continuation in a bullish trend .
- Long term resistance at price 147.537 was broken and retested, Long term downtrend resisting line was broken and retested
- A Bullish Pennant chart pattern is forming .
-We are therefore still confirming that signs are showing a very strong bullish trend continuation.
- If price breaks out of the flag, we will wait for it to push up and break the resistance @152.672.
- Once this resistance is broken, we will consider going long and have our target @162.881, and our cut loss @147.710
- Long term resistance at price 147.537 was broken and retested, Long term downtrend resisting line was broken and retested
- A Bullish Pennant chart pattern is forming .
-We are therefore still confirming that signs are showing a very strong bullish trend continuation.
- If price breaks out of the flag, we will wait for it to push up and break the resistance @152.672.
- Once this resistance is broken, we will consider going long and have our target @162.881, and our cut loss @147.710