GBPJPY for me is neutral
Hi traders, the reason I say Gj is neutral for me is that we have both buy and sell setups as you'll see we are in a consolidation phase in the form of a range.
Sell setup!!
Well, this setup is already in motion it started on the 30th of April when price disrespectfully rejected the major resistance zone and continued to go down and we can expertly see price plummet down to the major support zone to complete this setup.
Buy set up!!
I also anticipate a buy at "133.586" that is where the price is in confluence with 0.5 and 0.618 fibs level and it's showing some sort of rejection in that area that it might reverse.
Well, let's wait and just see what will happen.
use proper risk management
Goodluck, Trade well
Sell setup!!
Well, this setup is already in motion it started on the 30th of April when price disrespectfully rejected the major resistance zone and continued to go down and we can expertly see price plummet down to the major support zone to complete this setup.
Buy set up!!
I also anticipate a buy at "133.586" that is where the price is in confluence with 0.5 and 0.618 fibs level and it's showing some sort of rejection in that area that it might reverse.
Well, let's wait and just see what will happen.
use proper risk management
Goodluck, Trade well
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