GBPJPY | Support has failed, looking for a retest
Major support on the pair has failed and price is trading convincingly lower.
This sets up more downside opportunity.
I'd like to see a retrace back to the 143.80 / 144.00 area, followed by bearish price action suggesting that support has become resistance.
Should price reject that zone, the way to 141.00 opens up nicely.
This sets up more downside opportunity.
I'd like to see a retrace back to the 143.80 / 144.00 area, followed by bearish price action suggesting that support has become resistance.
Should price reject that zone, the way to 141.00 opens up nicely.
Trade closed: target reached
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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.