Gbpjpy_outlook
BRITISH POUND/JAPANESE YEN GBPJPY SHORT30 minute structure broken.Wait for a potential retest and short the pair To the daily support level 136.00. FX:GBPJPY
* WEEKLY TREND =UP
*DAILY TREND = UP
*H4 TREND = UP
30 MINS TREND = DOWN(can ride the trend down to the H4 or Daily Key levels for short profits
GBPJPY approaching intermediate resistance,potential reversal!
GBPJPY is approaching its intermediate resistance at 139.382 where it is could reverse down to its support at 135.753.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPJPYTime = 1H
– Structure = Uptrend
– Pattern = Elliot wave
– Tendency = Downtrend
Time = D
– Structure = Downtrend
– Pattern = Fibb Retracement
– Tendency = Downtrend
*** Price tested & Couldn't fully breakout 0.618 Fib Resistance.
** Above Chart indicated with Heikin Ashi FOR CLEAR VISION!
GOOD LUCK
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Disclaimer: Forex trading and trading in other leveraged products involves a significant level of risk and is not suitable for all investors.
GBPJPY potential bounce!
GBPJPY expected to reverse up to 1st support at 131.744 where it could potentially react and bounce to its resistance at 1st resistance at 133.189.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.