Long term bearish trend is weak as the price touch the ichi cloud. The current price is at previous resistance level. An indication of price testing the resistance.
Trade idea:
Look for daily and 4hr chart for the pullback. Don't trade until we see a pullback.
GBP/JPY Daily Chart :-
The price highest level already broke the previous high. This will shows the bullish trend has started. Price is above ichi cloud.Refer chart below.
4H chart below shows price already above ichi cloud. Trader should wait for pullback as price reached the resistance level. Many trader will sell at this point. Price correction is expected to happen next week.
See ya next week fellas...
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