GBPJPY - Short
Price went higher than expected, but short is still in play.
Break of current trendline, will lead this down further.
On a monthly timeframe, the 137.865 level is where price went before it's huge move up.
Back a few years, price placed in a range where recent highs hit the high level of that range and the 137.865 level is the bottom of that range.
Break of current trendline, will lead this down further.
On a monthly timeframe, the 137.865 level is where price went before it's huge move up.
Back a few years, price placed in a range where recent highs hit the high level of that range and the 137.865 level is the bottom of that range.
Note
Monthly view. Check the circled areas.
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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.