Get started
VladimirRibakov

GBPJPY Short Term Forecast

Short
British Pound / Japanese Yen (OANDA:GBPJPY)  
VladimirRibakov  
OANDA:GBPJPY   British Pound / Japanese Yen
Trend Analysis Multiple Time Frame Analysis GBPJPY buy Bullish Patterns Bullish Divergence pullback
10
0
trendanalysis mtfa gbpjpy buy bullish bullishdivergence pullback
H4 - Bearish trend pattern, bullish divergence, currently it looks like a pullback is happening.

Price still has room higher towards the 38.2% - 50% fibnacci retracement zone, so we may expect possible correction towards this zone.

H1 - We have a five leg structure, we may expect further continuation higher in the short term.
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.