GBPJPY: Bearish Move From Key Level 🇬🇧🇯🇵 Short

GBP/JPYOANDA

Description

⋅ Nov 7, 2023 7:51 AM

GBPJPY nicely respected a wide horizontal daily resistance.

The price broke a support line of an expanding wedge pattern on
an hourly time frame and formed a cup & handle formation.

We may anticipate a bearish continuation to 184.79 / 184.52

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Comment

⋅ Nov 8, 2023 10:21 AM

First target reached!
We are very close to T2!

Comments

VasilyTrader

⋅ Nov 7, 2023 7:51 AM

Are you bearish on GBPJPY?

Yelli_trades

⋅ Nov 7, 2023 8:06 AM

@VasilyTrader, bigger picture + recent clear bullish price action favours bullish bias, in my opinion

VasilyTrader

⋅ Nov 7, 2023 3:54 PM

@DemoDiaryFX_Trading, yes absolutely + global trend is bullish

BalticForex

⋅ Nov 9, 2023 10:27 AM

Nice setup :)

funmax85

⋅ Nov 9, 2023 3:58 AM

So is this still valid for a bearish move?