gbpjpy analysis - 27 mar 2023
okay so on GJ it's a bit of a tricky one but i'll try put it into words...
- firstly i identified the overall trend to be bearish on the daily and weekly as well
- down to the H4 market has been bullish since friday morning but then it turned bullish after creating a lower low, so right now it could be going up to form a new lower high but we will see
- so i'm currently waiting for market to get to my 161.599 zone and see what it does when it gets there but i will be anticipating a bearish move once it gets there
- or waiting for a breakout of the zone on the H1 to go short as well
but we sit and wait to see what happens
- firstly i identified the overall trend to be bearish on the daily and weekly as well
- down to the H4 market has been bullish since friday morning but then it turned bullish after creating a lower low, so right now it could be going up to form a new lower high but we will see
- so i'm currently waiting for market to get to my 161.599 zone and see what it does when it gets there but i will be anticipating a bearish move once it gets there
- or waiting for a breakout of the zone on the H1 to go short as well
but we sit and wait to see what happens
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