BEARISH GBP/JPY (Head and Shoulders) Head and shoulders formation on the weekly might signal strong bearish sentiments in weeks ahead, look out for more sell opportunities, patiently waiting for the price to break the current zone and close below.
Poundyensell
GBPJPY : Strong bearish clear directionBearish struggle last week looks like have potential to break the daily trend line.
Wave iii spotted.
Expecting more free fall with target : 129.609
Invalidation : 136.354
GBPJPY SELL GBPJPY IF price retraces then I'm looking for a strong sell in between 135.000 / 135.500
GBPJPY Shorts Incoming Hi fellow traders.
GJ ended up not adhering to my last trade idea, so I did not place any orders.
I think if this new red line proves to act as a resistance trend line, we could see a pullback. Looking to take profits along the way.
This is just technical analysis . Do not follow this trade blindly!
If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from.
Please drop a follow! I need reputation points!!
GBPJPY : Last leg - Barrier Triangle in waiting Only entry if any solid break at Key Level happened.
