GBP/JPY Weekly Outlook 27/1/2020 to 31/1/2020

Forex Weekly Outlook 27/1/2020 to 31/1/2020

Pair : GBP/JPY

Weekly -In an Uptrend Channel inside Bearish
structure from Jan'18. Last week
close as Bearish Doji as confirmation close for
the previous week Bearish Pin Bar

Daily - Possibility of downside movement until lower trendline.
Possible break and bounce scenario

www.tradingview.com/chart/ki5cHdov/

H4 - Potential Inverse Head & Shoulders
in the making

www.tradingview.com/chart/ki5cHdov/

Plan 1 : Short position until 141.200 support area
Plan 2 : Wait for break or bounce scenario at 141.200 support area

Comment:

28.01.2020 Tuesday 9am : Continue to hold short position. Daily close
as mini bearish pin bar

www.tradingview.com/chart/ki5cHdov/

Comment:

Weekly close as strong Bearish candle

Comment:

HIT TP at 141.200