GBPJPY: BREAKOUT RISING WEDGE, BEARISH BIAS/MINOR CORRECTION?
Hello Fellow Traders, Here's your free outlook for GBPJPY. Don't forget to smash the LIKE, COMMENT, and FOLLOW button to support the channel!
GBPJPY already re-tested previous resistance and broke the rising wedge pattern. The momentum indicator is pointing down in the oversold area, indicating that GBPJPY is potentially continue moving downward to the target area.
The roadmap will be invalid after exceeding the resistance or target area.
DISCLAIMER:
This is only an outlook, not a recommendation to buy or sell.
GBPJPY already re-tested previous resistance and broke the rising wedge pattern. The momentum indicator is pointing down in the oversold area, indicating that GBPJPY is potentially continue moving downward to the target area.
The roadmap will be invalid after exceeding the resistance or target area.
DISCLAIMER:
This is only an outlook, not a recommendation to buy or sell.
Trade closed: stop reached
Detected bullish divergence, the roadmap has been invalidated.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.