First trade of the week will be a possible 1:9RRR on GBPJPY. The pair seems to be aligning back to the bearish move on the Monthly time frame after tapping into the 61.8fib area twice.
Currently the pair is giving us series of LH and LL. Waiting for a pull back into the 61.8fib which also aligns with the descending trendline will give us a sell confirmation.
Currently the pair is giving us series of LH and LL. Waiting for a pull back into the 61.8fib which also aligns with the descending trendline will give us a sell confirmation.
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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.