Get started
L3Trader

GBPJPY Still in a downtrend

Short
British Pound / Japanese Yen (FX:GBPJPY)  
L3Trader  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators
1
1
trendanalysis chartpattern indicator
The fact that the last week this pair couldn't make a new higher high facing the previous higher low, places us in a downtrend.
So this week we should be looking for short entries in lower timeframes for a wonderfull target down bellow of 133.
But you first have to wait to see if the pullback to previous support holds. If it holds, then it's you short entry.
Anyone disagree?
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.