GBPJPY Analysis - Sells 🔻

4 Nis 2021I have made a technical analysis on the pound against the yen, I am anticipating sells on this pair because price has price has be rising in some what of a channel on the weekly and Daily timeframe. On the 4hr timeframe it has been rising in the form of a rising wedge indicating a possible reversal at an area of significance in this case it has impulse downwards and got into a range between 152.718 and 153.173. I am looking for a break and rest of that range as well as Fibonacci entry on the levels of 0.618 or 0.50 to possibly fall to 151.814 and possibly the beginning of that wedge which is around 149.400.

If the market does not respect this analysis then I would change my bias once price has broken above 153.173 convincingly.

5 Nis 2021

Emir iptal

Changing bias

6 Nis 2021

İşlem kapandı: hedefe ulaştı