Get started
IkanBilisCapital

GBPJPY short term bottom is in. More upside

Long
British Pound / Japanese Yen (FX:GBPJPY)  
IkanBilisCapital  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators GBPJPY gbpjpyshort gbpjpylong gbpjpyanalysis gbpjpyprediction gbpjpyforecast gbpjpybuy gbpjpysell gbpjpydaily
2
0
trendanalysis chartpattern indicator gbpjpy gbpjpyshort gbpjpylong gbpjpyanalysis gbpjpyprediction gbpjpyforecast gbpjpybuy gbpjpysell gbpjpydaily
The pound yen is forming a wave 4 correction and I think the bottom may be in for this move upwards. However wave 4 correction can be messy so please control your risk in your trade. The stop loss at 149 looks like a safe one and we are targeting 152.5 for an exit.
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.