GBP/JPY Price Outlook| Pullback to 136.50? Short

British Pound/Japanese YenFXCM

Description

⋅ Oct 12, 2020 10:36 AM

Dear friends, GBP/JPY is currently moving in a rising channel.
However, the price action looks quite weak and bulls are vulnerable.

So, it is quite likely that GBP/JPY will drop to the channel support
at 136.50.

I would be looking to sell the rallies in GBP/JPY close to the resistance
level.

Trade closed: target reached

⋅ Oct 14, 2020 10:51 AM

Reached the sell target. More than 170 pips profit for those who followed

Comments

Signal_Forex

⋅ Oct 13, 2020 7:51 AM

Nise idea agreed with your like idea

Dave-FX-Hunter

⋅ Oct 13, 2020 4:20 AM

Might it will touch the channel again.

KaltoireCapital

⋅ Oct 13, 2020 6:16 AM

@DaweFXHunter, Yes then we can sell

SunnyHillCapital

⋅ Oct 12, 2020 8:54 PM

Great application with the parallel channel, good job! Thank you for sharing!

KaltoireCapital

⋅ Oct 13, 2020 6:16 AM

@SunnyHillCapital, Thank you

Lingrid

⋅ Oct 12, 2020 3:02 PM

I appreciate your work)
how do you like my thoughts?)

KaltoireCapital

⋅ Oct 13, 2020 6:16 AM

@Lingrid, Good work. Thanks for sharing

Fisher_Fx

⋅ Oct 12, 2020 12:59 PM

good set up thanks

KaltoireCapital

⋅ Oct 13, 2020 6:17 AM

@Fisher_Fx, Glad you like it

PolarHusk

⋅ Oct 12, 2020 12:26 PM

Might retest the upper trendline support. Thanks for sharing your idea 🐻‍❄️😃