Forextuitions

GBPJPY SHORT TERM TRADE SETUP

Long
OANDA:GBPJPY   British Pound / Japanese Yen
Technical Analysis- The 4 hour right is turning down against 4/09/2020 peak (135.74) but shows a bearish sequence. 1 hour is turning up. However, while near-term dips remain above 131.44 high expect pair to extend lower 1 more push before cycle from 4/09/2020 peak ends & a bounce higher in 3, 7 or 11 swings could take place.

Signal- Long GBPJPY
@129.50-25

TP1 : 130.10
Tp2: 130.50
Tp3: 131.10

Sl:128.80

Good luck !
Trade closed: target reached