GBPJPY Trend Analysis Week of Mar. 25th
Weekly=Bullish.
Daily=Bullish.
4H=Bullish.
Major rejection on weekly from Monthly Resistance Zone. Daily currently pulled back to 50% daily fib level. 4H deep pullback to 78.6% fib level.
Overall bullish as long as 4h maintains structure. If structure maintains, looking to see price go to top of monthly resistance zone (previous monthly highs) around 195.
Daily=Bullish.
4H=Bullish.
Major rejection on weekly from Monthly Resistance Zone. Daily currently pulled back to 50% daily fib level. 4H deep pullback to 78.6% fib level.
Overall bullish as long as 4h maintains structure. If structure maintains, looking to see price go to top of monthly resistance zone (previous monthly highs) around 195.
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