CAD/JPY reversed from resistance zone Next sell target - 84…
GBP/JPY reversed from resistance area
- GBP/JPY reversed from resistance area
- Next sell target - 147.50
GBP/JPY continues to fall inside the minor corrective wave (ii) which started earlier from the resistance area lying between the resistance level 152.50 (top of the previous minor impulse wave 1 from September), resistance trendline of the daily up channel from April and the upper daily Bollinger Band. GBP/JPY is expected to fall further toward the next sell target at the next support level 147.50 (which has been reversing the price from the start of October).
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…