Possible short opportunity on GBPJPY
Possible short opportunity on GBPJPY because...
1. It is in a downtrend, making lower highs and lows.
2. Using Fib extension, it is testing the 61.8% retracement.
3. Price retested former support.
4. There is a bearish flag pattern forming.
5. Price tested the 50 EMA and 100 EMA.
TP 1: 155.430
TP 2: 155.200
SL: 155.900
1. It is in a downtrend, making lower highs and lows.
2. Using Fib extension, it is testing the 61.8% retracement.
3. Price retested former support.
4. There is a bearish flag pattern forming.
5. Price tested the 50 EMA and 100 EMA.
TP 1: 155.430
TP 2: 155.200
SL: 155.900
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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.