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 intermediate impulse wave (3)
2019-11-11 • Updated
- GBP/JPY rising inside intermediate impulse wave (3)
- Next buy target - 154.00
GBP/JPY has been rising in the last few trading sessions inside the intermediate impulse wave (3), which earlier broke through the resistance zone lying between the round resistance level 150.00 (previous buy target) and the resistance trendline of the wide daily up channel from last April. GBP/JPY is expected to rise to the next buy target at the next resistance level 154.00 (target price for the termination of the active intermediate impulse wave (3)).
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...