Marsha_Bygrave

GBPJPY IDEA 8/11/2021

Long
FX:GBPJPY   British Pound / Japanese Yen
As the trend broke down further on Friday and formed a bearish trend on the 15-minute chart, we can see that on the 4hr chart the support was retested three times. Therefore, I am expecting a bullish movement to R1 and if broken I am expecting the price to go all the way to 154.785 then a bearish movement to test the downside before moving out.


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.