Get started
Hanyson

GBPJPY could recover before it drops further.

Short
British Pound / Japanese Yen (OANDA:GBPJPY)  
Hanyson Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
Chart Patterns Trend Analysis
8
0
chartpattern trendanalysis
- Last week the price had broke it's support around 132.000 and then recovered to around 133.000
- However for the first two days of this week the seller's momentum brought the price further south
- We could see a bounce up to 132.000 again and should wait for price action there to go short, and if that happens our first TP should be at the latest support around 130.750 and the second TP would be around 130.000
Trade closed: target reached
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.