GBPJPY; CONTINUATION TO THE LOWER?
HELLO TRADERS
for the past weeks yen index JXY has been extremely bearish
but for the past few days we have seen a change in trend
to the upside which implies bearish move for GBPJPY
now back to GBPJPY
gbpjpy has been on a strong move lower managed
to break a strong resistance @ 161.99
moved lower for over 200 pips and retested it
we expect a continuation lower from here
BREAK ABOVE 162.5 WILL MAKE THIS IDEA INVALID
GOOD LUCK TRADERS
IF YOU FIND VALUE IN THIS IDEA GIVE IT A LIKE
for the past weeks yen index JXY has been extremely bearish
but for the past few days we have seen a change in trend
to the upside which implies bearish move for GBPJPY
now back to GBPJPY
gbpjpy has been on a strong move lower managed
to break a strong resistance @ 161.99
moved lower for over 200 pips and retested it
we expect a continuation lower from here
BREAK ABOVE 162.5 WILL MAKE THIS IDEA INVALID
GOOD LUCK TRADERS
IF YOU FIND VALUE IN THIS IDEA GIVE IT A LIKE
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.