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British Pound / Japanese Yen
Short
Updated

GBPJPY More Room For Bearish Potential Part 2

220
After getting the .382 retrace thanks to the BOJ news, it looks as if GBPJPY has a lot further to go. We're entering major bear territory for this pair. Projected target 1 at 156.75 level (1.272 extension). Projected target 2 at 148.00 levels (1.618 extension)
Note
GBPJPY began to make its move downward last week. This week we should expect major resistance.
Note
This bad boy is moving down very nicely.
Note
Trend continuation confirmed. Break of support at 163.980
Trade closed: target reached
Target 1 hit
Trade active
Target 1 hit. Trade still open
cheminacci
cheminacciFibonacciFibonacci ExtensionFibonacci RetracementGBPJPYgbpjpydailygbpjpyshort

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cheminacciFibonacciFibonacci ExtensionFibonacci RetracementGBPJPYgbpjpydailygbpjpyshort
cheminacci

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.