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rubal_ahuja

Selling opportunity in GBPJPY

Short
British Pound / Japanese Yen (FX:GBPJPY)  
rubal_ahuja  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns GBPJPY jpy GBP short shortgbpjpy
5
0
trendanalysis harmonicpatterns chartpattern gbpjpy jpy gbp short shortgbpjpy
There is a Gartley PAttern formation in the 4 hours chart of GBPJPY. The currency pair has started to reverse from point D in the pattern . It is likely to go down upto point B of the pattern, a calculated target for chart pattern. However, traders can wait for the daily closing below 133.90 before going short in the pair to confirm the downside momentum . Trade information is as follow:
Short- 133.90
Target1- 132.277
Target2- 130.90
Sl - 136.15
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