GBPJPY long term sell
After a year of massive gains
I am expecting a major correction in the market, a possible market crash
GBPJPY has currently formed a double bottom on the 23% Fibonacci level
- Expecting a retracement (LONG positions) towards the 50% FIB level
-if price closes above 50% FIB level expect a retest of the psychological zone 200.00
-once prices reach that level expect an immediate impulse towards the downside
- but if not short until 169 as identified on the levels on the chart
currently it is bullish
I am expecting a major correction in the market, a possible market crash
GBPJPY has currently formed a double bottom on the 23% Fibonacci level
- Expecting a retracement (LONG positions) towards the 50% FIB level
-if price closes above 50% FIB level expect a retest of the psychological zone 200.00
-once prices reach that level expect an immediate impulse towards the downside
- but if not short until 169 as identified on the levels on the chart
currently it is bullish
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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.