@717.347 All time High on 01Jan1975
@116.837 All time Low on 01Sep2011
GBPJPY market is falling down from 01Jan1975
As you see I marked 4 POI on month TF @208.117 and @188.631 this two POI are for short position. And if we see price is going to mitigate @188.631 my POI is calling them to mitigate there if you want to place order then place @188.631 short SL...
INFLACTION EXPECTED TO COME DOWN FROM 10.1 TO 8
WHICH IS GOOD FOR CURRENCY
STRONG SUPPORT BELOW
200EMA IS BELOW THE PRICE
BEST 1:8 TRADE
Forex factory analysis link below
The 4 hour right is down against 12/13/2019 peak (148.05) & shows a bearish sequence. 1 hour is turning down against 135.46 high. Near-term, while bounces fail below 135.46 high and more importantly below 147.93 high expect pair to extend lower.
SHORT GBPJPY
@132.40-60
TP: 131.60
SL: 133.20
GOOD LUCK !