GBPJPY – Corrective Structure, Still Bullish | May 14

GBPJPY – Corrective Structure, Still Bullish (1hr chart)
For the last few days, the GBPJPY has been in a bullish corrective structure. I’m suspecting another bull leg up is on the cards.

Besides the base of the ST corrective range, we have a key support zone between 185.87 and 184.18. This to me will attract bids who are looking to buy on a pullback.

So I’m looking to get long on a pullback here. Upside my targets will be 188 and 189.45. Only a daily close below this zone would negate my MT bullish bias.

gbpjpy

Watch my latest video on How the Typical Pin Bar Entry is A Retail Entry

Want More? My private members get all my trade ideas & market commentary up to 3x per week. Click here to become a member.

Verified Profitable Trader

Hi, I'm Chris Capre, Founder of 2ndSkiesForex. I've turned $3,000 into $83,000 in my first 6 months of trading. I'm a verified profitable trader and trading mentor. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action and the Ichimoku cloud. As a trading mentor, I have one goal: to change the way you think, trade and perform using 18yrs of trading experience and cutting edge neuroscience to wire your brain for successful trading. Want to improve your trading edge and mindset? Check out my trading courses here.