Gbpjpytrade
GBP/JPY - 300 Pips+ Long Term Short Opportunity GBP/JPY showed first signs of important weakness. It has moved down under all the ema's on the hourly chart to make it an important movement and could very potentially be a trend continuation pattern.
If it does not hold support at it's current level, then I expect it to go down about 300 pips and more in the long term.
Always trade after your own analysis as well as risk/money manage properly.
Happy trading and wish you the best!
GBPJPYOur preference: sales position below 141.20 with targets at 139.50 & 138.10 in extension.
Alternative scenario: in excess of 141.20, aim for a continuation of the increase with 141.80 & 142.65 in line of sight.
Comment: as long as 141,20 is not exceeded the risk of a depression of 139,50 is important.
TradingView Gave Me This..Evening guys
British Pound sustains drop as May comments on fears for coming Brexit... (138.831-139.090) which may activate some rebound correction
Below (1.2080) on cable will indicate further downside on all sterling pairs will be expected toward (1.2000) zone with the gates then opening for (1.10 and 1.00).
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