Symmetrical Triangle at Psychological level | Sell GBPJPY
Updated
GBPJPYKey Points supporting Bearish Bias:
1. Symmetrical Triangle Break to the downside.
2. Psychological Resistance level.
3. Failed Breakout above the Resistance.
4. Falling Wedge Pattern on DXY. Dollar may rise in the long term.
5. Clear rejection of 38.2 Fib level.
6. 50 EMA providing additional resistance.
So are you Bullish or Bearish on this Pair?
Leave your comments for discussion.
Trade active
Trade closed: stop reached
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.