Mar 312023

Bulls dominated bear territory as price hits above 165.00. In the dailies, the trend is evident with higher highs and higher lows. At this point, bulls who got left behind (including me), are scratching their heads on how to take the next trade. We need some correction to get in.

So far, here are the closest significant levels, 164.50, 163.80 and 163.00. Even with those levels plotted out, I just hope price compresses before bouncing off.

166.00 seems the ultimate target for now. Is it a good area to short? Probably so.

GBPJPY, 2023-03-31, Asian Session by traderh on

Trader H

TraderH is a foreign currencies trader and a former Certified Securities Representative in the Philippine equities market. All posts herein are personal views and are not endorsed by any organization whatsoever. It is important that you practice due diligence in your trade plans. This website and its authors will not be held responsible nor liable to any of the reader's losses.

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