abbyruberto

Long term view on the dragon pair (GJ)

Long
FX_IDC:GBPJPY   British Pound / Japanese Yen
3
The dragon pair has broken the triangle and now is in a downtrend... In my personal analysis, this pair is forming a bullish flag pattern (projected in purple lines) in Daily probably down to 61.8% fib retracement at 133.72 or 129.65 which has a very nice support (looking left).

So I will watch the price action of this pair and will wait for the flag formation to be confirmed and BUY at the price breakout! This is a huge buy!!! more than 2400 pips!
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.