manuseijas82
Short

GBP/JPY SHORT ANALYSIS (WEDGE, 38.2 FIB, RESISTANCE, DOUBLE TOP)

OANDA:GBPJPY   British Pound / Japanese Yen
Hello guys, here are 4 factors that make me think this pair could go down
- Price has been respecting descending trendline as a resistance
- Formation of an ascending wedge
- 38.2 % fib in sync with with trendline resistance
- Double top (M30) in game

- Possible short position down to base of the wedge , then price could struggle to break through these levels, but with the potential to reach 134.20 support level in the long term
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out