Can We See A Push To The Upside? GBPJPY ANALYSIS
GJ with a move to the upside?
On the Daily timeframe, GJ is printing higher highs and higher lows. Last week we seen major rejection at a daily key level of 140.00 which later melted price down to a daily quarter key level of 138.25
It is now the start of a new week (08/25/2020) and we possibly can see a push to the upside. With price currently at 138.553 at 7:57 PM EST, we could see GJ reach yesterday’s high of 139.00 (08/24/2020) which was followed up with a strong rejection to the downside.
GBPJPY
GJ is currently in a bullish discount zone of 32.8% on a Daily Fib Retracement
The metrics are:
Swing Low - 135.140
Swing High - 140.213
The 50 MA and 8 EMA have crossed to the upside on a 15 Minute Timeframe and price has closed above the prior consolidation. Let’s see where this goes!
On the Daily timeframe, GJ is printing higher highs and higher lows. Last week we seen major rejection at a daily key level of 140.00 which later melted price down to a daily quarter key level of 138.25
It is now the start of a new week (08/25/2020) and we possibly can see a push to the upside. With price currently at 138.553 at 7:57 PM EST, we could see GJ reach yesterday’s high of 139.00 (08/24/2020) which was followed up with a strong rejection to the downside.
GBPJPY
GJ is currently in a bullish discount zone of 32.8% on a Daily Fib Retracement
The metrics are:
Swing Low - 135.140
Swing High - 140.213
The 50 MA and 8 EMA have crossed to the upside on a 15 Minute Timeframe and price has closed above the prior consolidation. Let’s see where this goes!