Davtyan
Long

GBPJPY - Buy at breakout

FX:GBPJPY   British Pound/Japanese Yen
Sunday analysis.

NOTE! The GBP/JPY             is clear bearish] trend. But there is a possiblity for a retracement to the .382 level because the following reasons.

1. Three white soldiers pattern is formed and closed on the weekly chart.
2. The . 382 retracement level of the A-B leg is at the extension of the blue A-B leg.
3. Red trendline falls exactly on the same level as the 2 set points.

NOTE: This trade can only be avaible if the previous resistance is broken.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out