Based on various data analysis like fib, structure etc. I see a potential sell opportunity in GBPJPY at the marked area.
Kindly do follow your own analysis as this not a trade recommendation.
Hello Everyone , This Is our plan For The # gbp/chf pair .
price Is moving Within A Symmetrical Pattern And Has The Potential To break Any side .
We Will Be Wait For Breakout For Upside and Downside with 1 hour time Frame ..
Now GBPCHF is Trading in Ascending triangle channel And Its Test Lower trend line Support Area .
If GBP/CHF Hold This level then we can see good movement in GBP/CHF Coming days .
Trade With Your Risk management And Use Stop loss .
What are our targets for the GBP/JPY? This might all depend on Central bank intervention.
Last week the BoJ briefly intervened and now there is speculation that the BoE will follow through with similar measures to help prop up the pound, which has cratered in the past two days in response to the dismal economic outlook of the UK and new tax cuts from the government.
