GBP/JPY - Raising Wedge happening! + Selling Volume increasing over the average (Volume Climax) with a good pullback seems like it’s exhausting + possible Harmonic half to be completed. Ready for a reversal 🤔
1 36 minutes ago
Morning Portfolio update Jan 18. Hopefully we’ve found the bottom and can now slowly build back to previous levels before making new highs. Congrats to everyone that didn’t panic, held their nerve and didn’t sell during what was a bloody few days in crypto. You will ultimately be the winners in the end. Brospect to you! #2cryptobros
With the fall of the US Dollar, GBP is one of the major currencies that is gaining bullish momentum and breaking to new yearly highs. Currently, it is approaching to the 1.40 historical pivot point that dates back to early 2001. If the bulls want to be taken seriously, they need to break and stay above this level for a much stronger upward move.
I currently have no positions on the GBP pairs, I’m mainly focusing on the Euro strength as it is much clearer.
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