GBPJPY CONTINUATION SELL
I am anticipating price to continue to the downside.
My analysis is based off of Elliott Wave Theory.
On the Daily, it appears as though price is retesting the 4HR support and looks to have turned into resistance.
I would enter here for a sell. Short term, I'll likely TP 128.50. Price would need to break through intermediate support for me to hold the trade to the downside.
Long term I see price traveling down to 122.XX area.
What are your thoughts on GJ?
My analysis is based off of Elliott Wave Theory.
On the Daily, it appears as though price is retesting the 4HR support and looks to have turned into resistance.
I would enter here for a sell. Short term, I'll likely TP 128.50. Price would need to break through intermediate support for me to hold the trade to the downside.
Long term I see price traveling down to 122.XX area.
What are your thoughts on GJ?
Nota
This pair is moving nicely.If it breaks intermediate support, I believe we will see price reach target.
Trade ativo
Nota
Price broke through intermediate support. I anticipate it to continue on the downtrend.
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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.