GBPJPY Waiting on break
Diupdate
Market is on pull back in a bearish channel. On the daily chart is quit clear the the upper level of the channel is to be tested before we see a continuation to the downside.
On the H4 we spont a nice bullish flag to confirm the above mentioned
Yet also on the H4 we spot a consolidation thats been happening since the 5th of feb. This is a nice 70 pip range.
I will personally wait for the break before going long or short
If I go long 145.4 will be my top target,
and if I go short 140.700 will be my first target
25 like and I'll update this chart as time goes by .
On the H4 we spont a nice bullish flag to confirm the above mentioned
Yet also on the H4 we spot a consolidation thats been happening since the 5th of feb. This is a nice 70 pip range.
I will personally wait for the break before going long or short
If I go long 145.4 will be my top target,
and if I go short 140.700 will be my first target
25 like and I'll update this chart as time goes by .
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