Tag - jpy - japanese yen

Expanding bullish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the prices are supported by Senkou Span B.

GBP/JPY has been trapped in a bearish correction Since December 8th highs and now it’s testing the 200 SMA at H1 chart…

The pair is likely going to test the lower "Window", which could be a departure point for another upward price movement...

GBP/JPY reversed from resistance area Next sell target - 147…

There's a bullish "Hammer", which hasn't been confirmed yet. So, the pair is likely going to test the nearest Moving Average...

We could have just a local upward correction in the short term. Nevertheless, bears are likely going to test the lower "Window"...

Recommendation: SELL 112 SL 112…

Recommendation: BUY 134 SL 133…

Narrowing bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices are entered into the Cloud, but supported by Senkou Span B.

The upper "Window" has acted as resistance, so there's a confirmed bearish "Harami"...

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The pair is likely going to test the upper "Window", which could be a departure point for a downward correction...