Get started
British Pound / Japanese Yen

GBPJPY Long Position

By shaqshaw
Updated
As the pair recently broke its downtrend as it escaped the trendline. Upward motion is expected after a retest of the 145.700 region.
Note
As there was no sign of a bullish engulfing pattern in the 145.700 region, but rather a consolidation o lower time frames and then a push downward; this trade became invalid.
FibonacciSupport and ResistanceTrend Analysis
shaqshaw

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.