UnknownUnicorn1383471

GBPJPY Room For a Downside Movement

Short
FX:GBPJPY   British Pound / Japanese Yen
What we find in this asset is a break from the trend line that has served as support for a while. This disruption is a clear indicator of a possible change of trend. Something that could be quite profitable as we are expecting further downside movement towards the 144.000 level and possibly around to 137.010 wich represents a important fibonacci level (61.8%).

This market analysis is just a investment idea, the same shouldn't be taken as a financial counseling without risk envolved.
CFD´s are very complex financial products that can result on the loss of most capital invested.

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.