GBP/JPY : Has the trend reversed?
Hello traders and the tradingview community! As predicted in my previous idea,
GBP/JPY has reversed after hitting the resistance zone around the 184.20 level.
So, if the bearish price action continues at this level, we can expect GJ to fall further.
I am already holding some sells in GJ@184 with targets around 182 and finally 180.
I believe traders can continue to sell the rallies in GBPJPY@184 with Stop loss above
the resistance zone and TP at 182,180 respectively.
GBP/JPY has reversed after hitting the resistance zone around the 184.20 level.
So, if the bearish price action continues at this level, we can expect GJ to fall further.
I am already holding some sells in GJ@184 with targets around 182 and finally 180.
I believe traders can continue to sell the rallies in GBPJPY@184 with Stop loss above
the resistance zone and TP at 182,180 respectively.
Trade active
Sold@183.96 againNote
New sell running in 64 pips profitNote
The bearishness will probably accelerate as the week progresses
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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.