Get started
theyoungbloodcollective

GBPJPY Short to Support

Short
British Pound / Japanese Yen (FX:GBPJPY)  
theyoungbloodcollective Updated   
FX:GBPJPY   British Pound / Japanese Yen
Support and Resistance Supply and Demand Double Top or Bottom support GBPJPY gbpjpyshorttrade short shortsetup SELL sellsignal
3
0
supportandresistance supplyanddemand doubletoporbottom support gbpjpy gbpjpyshorttrade short shortsetup sell sellsignal
Looking to see GBPJPY continue to fall until reaches support.


We have two solid reversals that have happened in the past at this support range, so we will wait to see when price reaches this zone

Theres roughly 100 Pips to the support zone shown as a red rectangle

RSI is extremely oversold on Day chart, but I still expect a few more touchdowns to support before we see any real push back up
Comment:
Possibility that GBPJPY has already found support and is working its way back up...

We will wait and see, it has already been in a level of support around 140.265
Order cancelled:
Price found solid support and is now pushing up
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.