From my analysis this is clear as day an ascending wedge on GBPJPY. I'm expecting a pullback (IF price doesn't break 156.000 resistance retests and proceeds bullish)
The bullish run looks to be exhausted from the wedge forming. From my experience it has to pullback to continue.
Overall, my analysis indicates a pullback starting the new year but looking bullish for the longterm of 2022.
Check it out let me know your thoughts. May 2022 be the most prosperous and successful year yet for you all!
The bullish run looks to be exhausted from the wedge forming. From my experience it has to pullback to continue.
Overall, my analysis indicates a pullback starting the new year but looking bullish for the longterm of 2022.
Check it out let me know your thoughts. May 2022 be the most prosperous and successful year yet for you all!