kriptomaster

Strong Reversal signal for GBPJPY ....

Short
kriptomaster Updated   
FX:GBPJPY   British Pound / Japanese Yen
After today's top of GBPJPY and after hitting the point of 144.180, we have got a strong sell signal .. GBPJPY have broken the point of 30&50 fibo and have formed a SHOOTING STAR candlestick (bearish candlestick which indicates reversal and new downtrend) in H4 Time Frame ..
Technically, I see that GBPJPY will go SHORT this week and will touch the point of 142.077 ( target 1) then it can go to 141.025 ( Target 2 which is a Strong support) and if we broke it , we will go to target 3: 140.361 ...
I will go short with a hope in fundamentals (news) to be negative this week ...
Trade active:
StopLoss: 144.180
Trade active:
Target 1 reached : 142.077,
I see a little correction before going down again ...
Trade active:
Target 2 reached : 141.025,
As I have montioned, it's a strong support for GBPJPY in that point
Trade closed manually

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.