GBPJPY Potential 700 pips south
Straight after completing ABC correction, GBPJPY entered a triangle and broke the support afterwards.
From this level, you can see a potential 700 pips shorting opportunity towards the bottom of a longer period descending channel.
From this level, you can see a potential 700 pips shorting opportunity towards the bottom of a longer period descending channel.
Trade closed manually
Seems like GBPJPY is facing a support level of 136, it still has the potential to go further south, but i guess I just take my profit here.
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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.