DMTradingBG

Short-term countertrend scenario - GBP/JPY

Short
OANDA:GBPJPY   British Pound / Japanese Yen
Hello everyone,

Another week - another Forex trading plan. This week we will take a look at the short-term counter trend opportunities that may lay ahead on the GBP/JPY currency pair. After a very strong and exhausting uptrend, the pair has reached an H4 Resistance Area which presents the opportunity for a short-term reversal, or hopefully long-term.

If you want to see the full technical analysis as well as expected entry spots you can check my video on our Youtube channel.

Also join our Telegram channel if you want to receive Live Signals based on the plans we post and much more.

This week I will be focused on making some great profits so don’t miss out!

Below you can find all the zones we speak about in the video in numbers.

H4 Resistance Area: 147.91 to 148.41
H4 Support Area - Target 1: 147.06 to 146.68
H4 Support Area - Target 2: 145.75 to 145.47


Our team wishes you best of luck and great profits this week! :)

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