GBP/JPY 0 Risk Trade
Very simple, GBP/JPY broke the rising channel on the 1H chart and then formed an amazing small continuation pattern.
Our first target will be the 61.8 Fibonacci Extension which is the bottom of the small rising wedge (147.55), our second target is the 100% Fibonacci Extension (146.40), and if managed to break it, it will keep tickling its way down towards the beginning of the rising channel and reach the 127.2% Fibonacci Extension level at (145.62).
Our first target will be the 61.8 Fibonacci Extension which is the bottom of the small rising wedge (147.55), our second target is the 100% Fibonacci Extension (146.40), and if managed to break it, it will keep tickling its way down towards the beginning of the rising channel and reach the 127.2% Fibonacci Extension level at (145.62).
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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.
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.