British Pound / Japanese YenUpdated GBP/JPY finally showing bearish signs, time to fall 270 Pips?
Dear traders, GBP/JPY is finally showing some bearish signs on the
1Hour chart after a huge bullish rally. So, there could be some short-term
pullback in GBP/JPY.
In the 1 hour chart, the price is very overextended from the hourly moving
average. So, there could be a pullback to 178.80 level.
If price continues to struggle at the resistance level highlighted in my chart,
traders can consider selling GBP/JPY@181.80-182.10 with SL above resistance
and TP at 178.80.
1Hour chart after a huge bullish rally. So, there could be some short-term
pullback in GBP/JPY.
In the 1 hour chart, the price is very overextended from the hourly moving
average. So, there could be a pullback to 178.80 level.
If price continues to struggle at the resistance level highlighted in my chart,
traders can consider selling GBP/JPY@181.80-182.10 with SL above resistance
and TP at 178.80.
Trade active
Sold@181.81
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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.
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.