GBPJPY - Consolidation at Key Level
I was unlucky with my last prediction on this pair, however I am still expecting a break lower on GBPJPY.
As we can see from the chart it is consolidating just below the 4 hour descending TL, around the 135 psychological level. Although we are currently moving in a sideways market my bias is to the downside.
I'm hoping that with some GBP weakness this week we should see a drop lower. The set up illustrated offers a nice 1:3 R:R ratio with stops placed above the key level.
As we can see from the chart it is consolidating just below the 4 hour descending TL, around the 135 psychological level. Although we are currently moving in a sideways market my bias is to the downside.
I'm hoping that with some GBP weakness this week we should see a drop lower. The set up illustrated offers a nice 1:3 R:R ratio with stops placed above the key level.
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.