The GBP-JPY lowest low is past there is only 1 way in the major direction which is to move upwards. This coincide with the initial picture that the GBP-JPY pair going to make the big W formation which is the same as GBP-USD. The correlation chart on the EUR-GBP which is about for form M formation is also another strong indicator the GBP-JPY has no choice but to move upward in the bullish trend. Now the most important question is WHEN?
forex strategy | forex forecast | forex signal | forex signals | forex scalping | BCOUSD | Gold | XAUUSD | Brent Crude Oil | technical analysis | historical data
Sequence of Analysis
1. Let the market stretch
2. Support / Resistance
3. Price Actions
4. MACD / Stochastic
5. Overbought / oversold - two long candle (hourly / 4H / Daily
2. Support / Resistance
3. Price Actions
4. MACD / Stochastic
5. Overbought / oversold - two long candle (hourly / 4H / Daily
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