To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.TitleGBPJPY Potential for bullish rise to previous swing highTypeBullish BreakoutPreferenceLooking at the H4 chart, my overall bias for GBPJPY is bullish with the current price being above the Ichimoku cloud. To add confluence to this bias, price is along an ascending trendline.Looking for price to rise from the pivot to ride the bullish momentum towards the resistance where the overlap resistance is.It’s also worth noting that there is an intermediate resistance here, where price might struggle to break though.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/gbpjpy-potential-for-bullish-rise-to-previous-swing-high1
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