salmanijaz

Crossing of EMA in GBPJPY

salmanijaz Updated   
FX:GBPJPY   British Pound / Japanese Yen
Looking at the last month chart for GBPJPY, we can clearly see the pattern on crossing of the EMA lines
Based on that i think this pair will be sideways for a little while before going down.

There is lot going on in the new for GBP so it may effect this pair ...

This pair is bearish i think for long term, May show some bullish signs for a while

Best of luck.
Comment:
As expected, following the pattern
i think it will take few days to move down.
Patience will be key here :)
Comment:
Had one EMA crossing.
I think it will take few more days to reach 138.
Still very bearish but in the consolidation phase.
Trade closed manually:
New pattern found.
Trend is bullish now.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.