Get started
sayan247

GBPJPY SELL 140.43

Short
British Pound / Japanese Yen (FX:GBPJPY)  
sayan247 Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis GBPJPY gbpjpyshort Technical Analysis pricebehaviour
8
0
trendanalysis chartpattern waveanalysis gbpjpy gbpjpyshort technicalanalysis pricebehaviour
GBPJPY is currently printing another lower High, price on the daily chart has been in range for several days and we have seen a breakdown from smaller time-frames. Yesterday rally can be considered as a discount in price. First indication is 140.43 is an area of interest, this price level was sold yesterday and another failure to advance beyond this point with momentum will further increase the likelihood of a strong selloff.
ENTRY SHORT: 140.43
SL: 140.80
Target1: 138.63
Target2: 135.49
Trade active
Comment:
Price has failed the Structure and traded back below 140.43.
Sell or do nothing!
snapshot
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.