airamare01

GBPJPY Possibility

Short
FX:GBPJPY   British Pound / Japanese Yen
I have been keenly watching the beast over the past few days and after plotting out a few possiibilities i firmly believe that the pair is going to show us new lows and probably get back to trading at 190. With the XABCD Pattern and breakout strategy combined. I expect the pair to test 192 upon breakout and retrace back to 194 or thereabout. Then upon completion of a bearish candlestick formation, go all the way down to 190 and possibly further down to 187.
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.