GBPJPY giving conflicting Signals, trade carefully
Hello friends, I am getting conflicting signals from the GBPJPY Chart. On the hourly chart, it looks like downtrend is dominant. A break below the lower TL of the structure will confirm the bearishness.
However, have a look at the daily chart here.
The last two daily candles indicate that bears may have run out of steam. Although I made close to 150 pips from my two GBJPY sells last week, I will not rush into selling this cross without some solid confirmation.
I will wait for some confirmation before selling further. I suggest everyone to be a bit cautious while trading the Dragon.
However, have a look at the daily chart here.
The last two daily candles indicate that bears may have run out of steam. Although I made close to 150 pips from my two GBJPY sells last week, I will not rush into selling this cross without some solid confirmation.
I will wait for some confirmation before selling further. I suggest everyone to be a bit cautious while trading the Dragon.
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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.