GBPJPY Reversal Potential
As we can see GBPJPY from the major trend is bullish, but there is a possibility of a reversal, after many rejection at 2.24 Fibonacci and breaking the minor trendline, and there is an EMA indication of a crossover.
we have to see the formation of lower low and lower high to make sure the price will go down.
SL : 154.753 (80 pips)
TP 1 : 153.144 (+1)
TP 2 : 152.409 (+2)
TP 3 : 151.258 (+3.3)
we have to see the formation of lower low and lower high to make sure the price will go down.
SL : 154.753 (80 pips)
TP 1 : 153.144 (+1)
TP 2 : 152.409 (+2)
TP 3 : 151.258 (+3.3)
Note
There is an abcde wave inside the ascending channel
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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.