GBPJPY
W1 - The price has formed a double top, which may indicate the beginning of a trend reversal, after a long growing trend and falling to 165.832.
D1 - A “triangle” pattern is being formed, a breakout of the lower line may also indicate that the price may change its direction of movement to a downward one.
What can be expected now?
If the triangle is realized, we can expect the price to fall to the level of 181.527 and further decrease to 174.203.
Long term - targets 180.292 - 174.203 - 165.832.
Medium term - targets 181,527 – 178,534 – 174,203
W1 - The price has formed a double top, which may indicate the beginning of a trend reversal, after a long growing trend and falling to 165.832.
D1 - A “triangle” pattern is being formed, a breakout of the lower line may also indicate that the price may change its direction of movement to a downward one.
What can be expected now?
If the triangle is realized, we can expect the price to fall to the level of 181.527 and further decrease to 174.203.
Long term - targets 180.292 - 174.203 - 165.832.
Medium term - targets 181,527 – 178,534 – 174,203
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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.