Get started
PFP

GBPJPY Sellers Seem to Have More Potential to Push Price Lower

British Pound / Japanese Yen (FX:GBPJPY)  
PFP  
FX:GBPJPY   British Pound / Japanese Yen
Chart Patterns Harmonic Patterns GBPJPY Forex Crab
4
0
chartpattern harmonicpatterns gbpjpy forex crabpattern
After the completion of a bearish crab pattern, GBPJPY has been consistently making lower lows and lower highs on the 1 hour chart. If it keeps up doing this and retraces back to the next strong looking support level, there are strong risk:reward opportunities in selling bounces of it early in the week if we see them.

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.