Get started
SwissTradingSchool

GBPJPY, Great Britain Pound - Japan Yen: Trend Analysis

British Pound / Japanese Yen (FX:GBPJPY)  
SwissTradingSchool  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Rectangle Forex fx brexit pound GBP jpy forexsignals forextrading
8
0
trendanalysis chartpattern rectangle forex fx brexit pound gbp jpy forexsignals forextrading
GBPJPY
A very difficult cross to read technically at this stage, in which we are in an obvious range with many price structures.
If it were to breakdown it would be extremely risky to enter short because you could bounce back on the level just below.
If it were to breakup instead there would be more potential gains on the Risk Reward profile, although there is first a potential resistance that could temporarily block a new bullish trend favoring the Pound and optimism in this currency after the developments of Brexit.
Happy Trading at All!
fb.me/theswisstradingschool
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.