FXHighway
Short

GBPJPY: negative formation completed

FX:GBPJPY   British Pound/Japanese Yen
375 7 8
Target: 176.25
Risk: 184.55

Technical Reasons:

The pair completed drawing a double top pattern by breaking 181.40 level, the full target of this pattern almost meets the major ascending channel’s support line, waiting for temporary decline in the upcoming period.

Negative pressure from the exponential moving average 50 and the rise of the bears’ power indicator are factors that support the expected decline.


http://www.fxhighway.com
https://www.facebook.com/fxhighwaycom/
https://twitter.com/
https://plus.google.com/105427315961677289743/posts
Full target is done
Having today's close below 176.27 will extend the bearish wave towards 173.10,, even thought , 61.8% Fibonacci barrier is not easy to break ,,

Thus ,, the next signal will come out after breaking below 176.27 or breaching above 177.45 ..
Reply
Some good profits here, i will be waiting for your next trade setup.
Reply
FXHighway Technician
Thank you ,,
Reply
Nice one!
Reply
FXHighway compdude
Thank you
Reply
Wht a great call
Reply
FXHighway Technician
Thanks mate,
Few steps to the full target..
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out