FullTimeTrader
Long

GBPJPY-bullish bat-GBP extremely oversold and must recover

FX:GBPJPY   British Pound / Japanese Yen
386 4 3
I've been closely and succesfully watching this pair this month.
The price is now near the important psycho level 1.7500 and about to form a bullish bat .
The GBP is extremely oversold but is showing some signs of recovery against other pairs.
I expect the GBP to recover very quickly, according to the related pair GBPUSD             (you can see my long term W1 analisis):

Thats why i placed three targets : target 1(short term), targest 2 and 3 (long term).

Best regards
Good luck going long here...looks incredibly bearish.
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Conforms to my thinking too, thanks.
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HI FULLTIME
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FullTimeTrader manijeh.kazemi.33
Hello, thanks for you idea. From EW perspective this is a possible setup on D1 chart
snapshot
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