2019 outlook on GBPJPY(first quarter)
Price is currently at a major level of res. on daily, we also have a rejection of this level which coordinates with the .618 fibs
price then forms 2 head and shoulder rev. patterns on 4H, price broke and is currently retesting H/S neckline
IF price breaks and closes below 142.700 then i analyze that it would continue the downtrend and break below 134.300 over the next few months
price then forms 2 head and shoulder rev. patterns on 4H, price broke and is currently retesting H/S neckline
IF price breaks and closes below 142.700 then i analyze that it would continue the downtrend and break below 134.300 over the next few months
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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.