financialflagship

GBP/JPY – Week 19 – Short term sell

Short
FX:GBPJPY   British Pound / Japanese Yen
In our last analysis update for this pair, GBPJPY behaved exactly as we forecasted, it touched the minor support marked on the chart and then went to the upside reaching 154,450 yesterday. Now, for this pair we are seeing a minor correction occurring at this level with the price falling to the minor support or deeper to the blue trendline marked on the chart before going up again. We don’t exclude the possibility of a rise in price without this correction happening here, because the main trend is up, so we advise caution.

Trade with care.

Best regards,
Financial Flagship

Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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Comments

Very detailed chart with great explanation !
Thanks for sharing your exclusive analysis..

Really appreciate your output🙋🏼‍♂️
Reply
financialflagship Helical_Trades
@Helical_Trades, Thanks a lot mate! You're welcome!
Reply
Impressive Work Explained 🔥
Reply
@TRADiNG_hub, Thanks mate :)
Reply
Yes agree with the overall JPY bias as well thx
Reply
financialflagship jojofang0901
@jojofang0901, You're welcome mate 🙌
Reply
Accurate charts. Thanks so much for sharing, mate ;)
Reply
financialflagship StevesTradingV
@StevesTradingV, thank you mate!
Reply
On point analysis dear!
Reply
financialflagship caldooninvestment
@caldooninvestment, many thanks! 🔥
Reply
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