GBPJPY Rebounded on the 3 month Rising Support
GBPJPY is trading inside a Channel Down for the past month.
The price hit today the 3 month Rising Support that started at the beginning of the year.
Trading Plan:
1. Buy as long as the Rising Support holds.
2. Sell if the Rising Support breaks (i.e. closes a candle under it).
Targets:
1. 162.000 (top of Channel Down and under the MA200 (4h)).
2. 157.000 (Support Zone (1)).
Tips:
1. The RSI (4h) is rebounding after hitting the oversold limit. This is technically a short-term bullish sign.
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The price hit today the 3 month Rising Support that started at the beginning of the year.
Trading Plan:
1. Buy as long as the Rising Support holds.
2. Sell if the Rising Support breaks (i.e. closes a candle under it).
Targets:
1. 162.000 (top of Channel Down and under the MA200 (4h)).
2. 157.000 (Support Zone (1)).
Tips:
1. The RSI (4h) is rebounding after hitting the oversold limit. This is technically a short-term bullish sign.
Please like, follow and comment!!
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