Trade ideas for March 28 - April 1
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 impulse wave (iii)
2019-11-11 • Updated
- GBP/JPY rising inside minor impulse wave (iii)
- Next buy target - 148.00
GBP/JPY continues to rise inside the minor impulse wave (iii), which belongs to the wave 3 from the middle of June. Impulse wave 3 started earlier when the price reversed up from the support area lying between the support level 139.00 (upper boundary of the strong support zone which has been reversing the price from November) and the lower daily Bollinger Band. GBP/JPY is expected to rise to the next buy target at the next resistance level 148.00 (which stopped previous impulse waves (1) and 1 and which is the target price for the completion of the active impulse wave (iii)).
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