GBPJPY Weekly Outlook 26/05/2020
Main downwards channel has been broken which indicates a shift in market dynamics from sellers to buyers.
Waiting for price to react at the fibo critical level.
If cleanly broken, fibo reversal level 1 matches HTF downwards trend line 4th touch.
Waiting for price to react at the fibo critical level.
If cleanly broken, fibo reversal level 1 matches HTF downwards trend line 4th touch.
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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.