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Glanzspade
May 25, 2020 5:04 AM

GBPJPY Beware of Bearish Pennant Short

OANDA:GBPJPY1D
GBP/JPYOANDA

Description

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Looking at the price action daily chart, we can see a Bearish Pennant ongoing.

EMA 21 and 34 are the dynamic resistances

Waiting for price to break the point B to complete the pattern,
with TP1 around 128 and TP2 around 124,
SL 132,5

FibonacciPennantMoving AveragesGBPJPYpenant
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