FX_IDC:GBPJPY   British Pound / Japanese Yen
I may have identified head and shoulders pattern in this pair, however the Yen has been consistent in gaining strength and is being considered as a 'safe haven' for traders. I do believe that the trend would be very hard to breakthrough the 132. gap even-though the chart shows the breakage of the 131. barrier a few times. If the trend breaks 132.250 only then would I be considering holding the long. However the trend may reverse if bounced off first target to second target point. If also the trend reverses and bounces off target 1 and breakthrough ascending wedge the trend may continue to target 2.

Current point: 131.020
Opening point: 131.020
Target point: 132.250
Exit point: n/a
Trade closed: target reached
Trade closed: target reached: target 2 reached 134. barrier to hit from 132.25
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out