FX_Trader_Analyst
Long

GBPJPY at support levels

FX:GBPJPY   British Pound/Japanese Yen
52 0 2
This trade analysis is part of my diary. Please let me know if it was helful but also your suggestion for improvements

GBPJPY             experienced significant sell off over last week in line with expectations but much greater magnitude.

Price is now sitting at support and stochastic is significantly oversold. This is also close to 618 Fib retracement form the March move and we might see some profit taking at these levels.

Should the price continue it's downtrend we can see the next target for bears around 157. levels.

I like to add to my longer term bullish portfolio on this pair and I will be looking for consolidation and price action to support bullish move. I like to price keep above 158. levels and buy from higher high.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
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