GBPJPY– Beside low power, buyers keep going

GBPJPY– Beside low power, buyers keep going

Trend: Buy/ Neutral

Support/Resistance:
R3: 144.842
R2: 142.468
R1: 141.467
S1: 138.895
S2: 137.917

Price action:
Buyers beside gap downside, they've kept going higher. Resistance key level is at 141.467, which will tell us what after. Because buyers are not that strong by momentum, we have to be carefull at this trade. Jpy currency is weak, but still good attention is neccessary. This case is good example for getting your strategy getting more understandable by observing market moves.

Potencial trade idea:
Bulls targets:
T1: 142.468
T2: 144.842
Bears targets:
T1: 137.917

NOTE – We are trading GBPJPY via the preferred trading setups

ELITEFXACADEMY

Disclamer1: We have to wait for a currency pair to trade after news are reliased. This might be a short correction, or price will give us moving dirrection after news are reliased.

Disclaimer2: Martin's views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don't publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.