British Pound / Japanese YenUpdated GBPJPY Trading Plan for next week...
Weekly market structure (channel) and trend is bearish overall.
Daily price is still trading within bearish flag/channel.
Two options for next week, bullish and bearish:
- Price honours lower daily channel and reverses higher, will buy on re-test of horizontal support.
- Price collapses lower and breaks out of daily channel resistance line. Sell on re-test of horizontal support.
Daily price is still trading within bearish flag/channel.
Two options for next week, bullish and bearish:
- Price honours lower daily channel and reverses higher, will buy on re-test of horizontal support.
- Price collapses lower and breaks out of daily channel resistance line. Sell on re-test of horizontal support.
Note
Price has now moved higher and broken through 133.666, looking for a re-test of this level, 1st target 136.090
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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.
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.