Hi guys I share with you the following analysis to go long in the GBP | JPY pair, I share with you the reasons why I go long.
1- The main trend is bullish marked with the green line.
2- The mini secondary trend would be the red one, we can take this as the price retracement in order to continue with the main trend (bullish).
3- The price is forming a double bottom at the price of 163.000 which I have marked with two yellow rectangles and we can see a clear bullish divergence in the MACD, if you wish you can enter at this time at a good price or if you want to wait for the break of 163.900 as a second confirmation.
let's hope it is feasible, good profits goodbye alv
1- The main trend is bullish marked with the green line.
2- The mini secondary trend would be the red one, we can take this as the price retracement in order to continue with the main trend (bullish).
3- The price is forming a double bottom at the price of 163.000 which I have marked with two yellow rectangles and we can see a clear bullish divergence in the MACD, if you wish you can enter at this time at a good price or if you want to wait for the break of 163.900 as a second confirmation.
let's hope it is feasible, good profits goodbye alv