Why I Think GBPJPY May Continue to Sell...Technical Analysis

21 Nis

Hey Rich Friends,

I think GBPJPY will continue to sell today and maybe this week. This is only a technical analysis so check the news and cross-reference your charts/indicators. Here is what I am looking at:

- The market has already rejected the daily high of 188.852, which is a strong sign that it can continue to move down.
- The 4-hour low was broken, and sellers are picking up momentum on lower time frames.
- The stochastic is facing down, the slow line (orange) is above the fast line (blue), and both lines have crossed below 50

Sell stops are recommended. I will use previous lows as TPs and previous highs as stop losses. Good luck if you decide to take this trade. Let me know how it goes in the comments.

Peace and Profits,
Cha

22 Nis

İşlem aktif

TP 1 HIT! +40 pips in profit

22 Nis

İşlem kapandı: hedefe ulaştı

TP 2 HIT!