Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
GBP/JPY rising inside minor corrective wave (ii)
2019-11-11 • Updated
- GBP/JPY rising inside minor corrective wave (ii)
- Next buy target - 150.00
GBP/JPY continues to rise inside the minor corrective wave (ii) which started earlier from the support area lying between the major support level 144.00 (which stopped the sharp downtrend in May) and the lower daily Bollinger Band. The price is currently approaching the resistance level 148.00 (top of wave 2) – the breakout of which is likely to lead to further gains toward 150.00 (top of wave (iv)).
What happened? Japanese shares fell on Monday…
GBP/USD has managed to rise for the third trading day in a row including today’s Asian session, while the daily technical indicators are moving higher gradually.
Bullish Scenario: Buys above 17910 with TP:18098.07, TP2:18277, and TP3: 18415 Bearish Scenario: Sells below 17850 with TP1:17730, TP2: 17700
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