Get started
Fx_Trader_ViSa

GBPJPY Short Side Trade .

Short
British Pound / Japanese Yen (FX:GBPJPY)  
Fx_Trader_ViSa  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns GBPJPY gbpjpyanalysis pound dollar euro forextrading forexanalysis forextrend forexsignal
12
8
trendanalysis harmonicpatterns chartpattern gbpjpy gbpjpyanalysis pound dollar euro forextrading forexanalysis forextrend forexsignal
GBPJPY is trading in ascending channel pattern .After reaching at resistance level ,it has higher chance of retracement on down side . According to chart pattern analysis , we might see down side in GBPJPY towards support level of channel pattern then if it break channel pattern on downside we might see next down side target for GBPJPY is support zone as shown in chart. one can initiate a short side trade on GBPJPY with proper risk management and stop loss

Thank You
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.