#GBPJPY @ 172.365 bulls are pressing up against counter-trendline resistance.
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level1)]
- GBP/JPY bulls are pressing up against counter-trendline resistance.
- A break of there would open risk to 175.00.
GBP/JPY is trading around 172.40 at the time of writing with the price moving up from a low of 171.68 to a high of 172.45 so far. GBPJPY is testing the top of the box, as illustrated below. There are prospects of a breakout of the zone, one way or the other, with the upside bias currently in play.
A break of 172.80 opens the risk of an upside continuation:
However, the upside could be limited to the counter-trendline resistance. On the other hand, a break of here would open risk to 175.00.
[/s2If]
Nehcap Expert Advisor
The NEHCAP MT4 EA is high quality professional trading system geared to generate returns without using GRID or martingales. Each trade has strict risk per trade parameter. The pairs under management include EURUSD, GBPUSD, AUDCAD, AUDNZD,GBPAUD, EURAUD, EURCAD, CHFJPY and many more.
The system is trading live: LIVE ACCOUNT TRACKING
You can run it free. Apply for a free trial and track our account. Buy the system or use profit share mechanism to generate returns on your MT4.
Join Our Telegram Group
