British Pound / Japanese YenUpdated GBP/JPY 4H
Hi, today I am going to be doing some TA on GBP/JPY.
I am bullish on GBP/JPY - It defiantly has more legs to go up the smaller time-frames maybe an upside target to 142.54 but on the higher time-frames from the 4H to the daily it looks very over extended.
To the downside I can see 141.14 get tested for a short term pull back but overall I am bullish on this one.
1H to 4H- Bullish
Daily- Over extended
It would really help if you would like this idea and follow so i can build my community.
I am bullish on GBP/JPY - It defiantly has more legs to go up the smaller time-frames maybe an upside target to 142.54 but on the higher time-frames from the 4H to the daily it looks very over extended.
To the downside I can see 141.14 get tested for a short term pull back but overall I am bullish on this one.
1H to 4H- Bullish
Daily- Over extended
It would really help if you would like this idea and follow so i can build my community.
Trade closed: target reached
My target I said has been tested at 142.54.Now I am looking for some downside now due to bearish divergence that hasn't yet confirmed, so I'm not confident until we see confirmation.
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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.