JasonFosterII

GBPJPY May 3 Analysis

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OANDA:GBPJPY   英镑/日元
Price has reached a supply and demand zone and experienced some resistance. Price currently making a bullish flag pattern on 30 min. Overbought on 30m, 1H and 4H. Looking for price to continue to next level 152.300. Overall swing trade setup looking to hit highs 153.300 area. Fundamentally there is Major monetary news on Thursday May 6th. Expecting price to hit 153.300 area and either pull back or continue trend for new highs.
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