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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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.
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