GBPJPY - Rally up?!
GBPJPY - Daily Time Frame
This zone is very interesting. Price on Friday closed 134.678 +0.05%
The trend itself has been in a long downtrend and no major sign of reversal.
In June this year you can see and bearish flag with a continue drop to the down side.
Depending on how Monday daily candle closes, this could potentially give us a nice pullback to ride a few pips of 130+.
If it breaks my trendline and the fib 61.8% this could go to the 50%, and then drop to my zone area below [the oval] and a lovely ride down.
A great one to keep an eye on and potentially some nice pips!
* This profile is for educational purposes ONLY!
* The trade idea given is my own perspective of the Forex market and by no means require action!
* Trading involves risk, past profits do not guarantee future results, so never risk what you are not willing to lose!
This zone is very interesting. Price on Friday closed 134.678 +0.05%
The trend itself has been in a long downtrend and no major sign of reversal.
In June this year you can see and bearish flag with a continue drop to the down side.
Depending on how Monday daily candle closes, this could potentially give us a nice pullback to ride a few pips of 130+.
If it breaks my trendline and the fib 61.8% this could go to the 50%, and then drop to my zone area below [the oval] and a lovely ride down.
A great one to keep an eye on and potentially some nice pips!
* This profile is for educational purposes ONLY!
* The trade idea given is my own perspective of the Forex market and by no means require action!
* Trading involves risk, past profits do not guarantee future results, so never risk what you are not willing to lose!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.