A LONG TRADE SETUP ON GBPJPY
HI Traders,
GBP/JPY's bullish rally seems to be running out of fumes and price is beginning to the move towards the downside.
📌 Currently, the price is forming up a nice bearish wedge pattern
in the 8H chart of GBP/JPY.
📌 The bearish trend could either be forming up or the bearish is simply accumulating order to make another bullish spike toward the upside.
📌 Though the price is yet to break below the 4weeks range yet, but still it's best to wait and see where the market will be heading towards.
📌 Technically, a break above the Wedge upper band might initiate a bullish run and of the price break below the wedge lower band the market could start a new bearish momentum.
📌 Stay on a watchout.
GBP/JPY's bullish rally seems to be running out of fumes and price is beginning to the move towards the downside.
📌 Currently, the price is forming up a nice bearish wedge pattern
in the 8H chart of GBP/JPY.
📌 The bearish trend could either be forming up or the bearish is simply accumulating order to make another bullish spike toward the upside.
📌 Though the price is yet to break below the 4weeks range yet, but still it's best to wait and see where the market will be heading towards.
📌 Technically, a break above the Wedge upper band might initiate a bullish run and of the price break below the wedge lower band the market could start a new bearish momentum.
📌 Stay on a watchout.
Not
UPDATE ON GBPJPY
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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.
İlgili yayınlar
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.