I am looking to go long on GBPJPY after price has tested several areas of confluence at the end of last week.
Price has rejected from the support level which was the previous high from Oct. It also conincides with the ascending trend line and close to the 200 EMA. We can see price has respected the 200 EMA on several tests in the past.
I will wait to see how the market opens and make an informed trade from the 4 hour charts.
Price has rejected from the support level which was the previous high from Oct. It also conincides with the ascending trend line and close to the 200 EMA. We can see price has respected the 200 EMA on several tests in the past.
I will wait to see how the market opens and make an informed trade from the 4 hour charts.
