mrcn7495

mrcn7495

As can be seen from the chart; After breaking the EMA 22 (Low Price) from the top and stands beneath this level, it can anticipated that we may have a downward trend to the major supporting dynamic trend line. GBPJPY

mrcn7495

As far as I'm concerned, We should sit and see what will happen to the pair and wait up to one leg of the triangle be broken. However I got sell position.

mrcn7495

We can see the trend line has been broken and also last kiss on daily chart. As can be seen from the chart there is no any interest to buy the pair as can be figured out from RSI. TP1: 81.020