Last time I shared with you my thoughts on GBPJPY.
Price did go in the expected direction.
GBPJPY went down over 250 pips before bouncing back from the major support zone that I was eyeing.
Since then the trend has changed two times and price went up and down again.
Currently, it is locked in a range closer to the support level.
EURUSD Trading Analysis 22.04.2021
Today, I am looking at the EURUSD pair.
Price has pierced through a major resistance level and has tested it from above.
Currently this level acts as an area of support.
The daily candle is a bearish rejection candle or a pin bar-ish looking formation.
In the next trading session, I will be looking for the price to come down a little and ideally form a bullish candlestick on the 4H chart.
If I receive this confirmation from price, I might go long.
My potential first target would be 1.2150.
But again, this all would depend on how price is revealing itself.