GBP/JPY-Daily analysis
Hello everyone!
-On this pair we can see that price broke through the ascending channel support line(purple lower line) and on lower time frames(4 hours and 1 hour time frame) we can see strong bearish momentum.
-That is because GBP is weakest currency on daily and weekly base and JPY is at very stable level and it is way more stronger than GBP.
-We can expect that price will keep falling in bearish direction because of currency strength and weaknesses.
-I plan to go short until my profit target reaches yellow support line and with minimal 1:3 risk reward ratio,...But that is just my opinion.
-WHAT DO YOU THINK ABOUT THIS SETUP? Please let me know in comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support,i will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.The information given is not a Financial Advise.
-On this pair we can see that price broke through the ascending channel support line(purple lower line) and on lower time frames(4 hours and 1 hour time frame) we can see strong bearish momentum.
-That is because GBP is weakest currency on daily and weekly base and JPY is at very stable level and it is way more stronger than GBP.
-We can expect that price will keep falling in bearish direction because of currency strength and weaknesses.
-I plan to go short until my profit target reaches yellow support line and with minimal 1:3 risk reward ratio,...But that is just my opinion.
-WHAT DO YOU THINK ABOUT THIS SETUP? Please let me know in comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support,i will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.The information given is not a Financial Advise.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.