2601 WKP5 GBPJPY could go down for 535 pips
GBPJPY is the most confusing one in all the JPY-related pairs.
It seems that very hard for it to rise up to last top on weekly chart. It closed with a weak warning bearish weekly signal last week.
On this daily chart, it could drop down more after breaking through the blue short-term daily trend line. And the 3rd wave could drop down to next support which is also a support on weekly chart for 535 pips totally.
Good luck!!!
LESS IS MORE!
It seems that very hard for it to rise up to last top on weekly chart. It closed with a weak warning bearish weekly signal last week.
On this daily chart, it could drop down more after breaking through the blue short-term daily trend line. And the 3rd wave could drop down to next support which is also a support on weekly chart for 535 pips totally.
Good luck!!!
LESS IS MORE!
Trade closed: target reached:
This trade we did last week just hit TP1 with 190 pips.
