Hello traders , here's my point of view about GBPJPY , please do like follow and comment for more
disclaimer: This is not a financial advise , this trade idea should not be used as a vehicle of investment.
Technical & Fundamental perspective
They'll print the JPY into oblivion. THAT'S what we call inflation and currency devaluation. Welcome to the new reality.
We've blown through the recent zone; technically not wiped as the April candle has yet to close. We must wait for the proper monthly closure to confirm a long-term breakout
We follow the flow; & the flow is never wrong, and says the momentum is
still pushing upwards.
Next monthly areas are 180-190 but far off for now. Focus on weekly zones within this monthly segment. 4H structure for more immediate setups. A lot of open upside space; be careful.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
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