Hi, according to my analysis of the GBPJPy pair. There is a good selling opportunity. With the pair breaking the triangle pattern. It also broke the strong support at 180,500. All of these indicators point to further decline in the coming days. Good luck to everyone
Great work with the short idea. Can you share what led you to this particular strategy?
inv_market09
⋅
@TheFxAce I look at the 4-hour time frame, there is a head and shoulders pattern. This deal was affected by the news that came out this morning
hnoarang
⋅
look at the weekly timeframe, i think it can touch highest high and then maybe fall after give divergence, what do you think?
souravk221199
⋅
I back this claim, interest rates are due for a less sharp rise as inflation levels fall in the UK, coupled with the strengthening of the Yen through improved trade surplus and inflation we can expect a down trend on GBPJPY.