Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
GBP/JPY Falling: Multi Resistance & Brexit
British Pound / Japanese Yen
Long
GBP/JPY Falling: Multi Resistance & Brexit
By FieryTrading
Follow
Follow
Dec 18, 2020
2
Cheer
Cheer
3
3
Dec 18, 2020
GBP/JPY is following the drawn wedge since the early days of 2020, reversing every time it hit either the upper or the lower trend line.
Not only is the wedge holding strong, the 140 area is holding up as well: the price failed to close above 140 for the eighth (!) time now.
Combine the above with the failing Brexit talks, and we have a recipe for disaster on our hands.
Im considering Support 1 and Support 2 as potential exits, but feel free to do your own DD.
Bearish Patterns
brexit
Chart Patterns
Forex
GBPJPY
Technical Indicators
resis
short
signal
support
Trend Analysis
Wedge
FieryTrading
Follow
Follow
🎯Official Channel:
t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate:
t.me/FT_Futures_free
✅Monster Signals:
t.me/monster_cryptosignals
🔥Premium Signals:
fierytrading.com
Related publications
GBP/AUD Head and Shoulders Forming
by FieryTrading
EUR/USD Bullish Break-Out
by FieryTrading
CHF/JPY Finally Broke The Wedge
by FieryTrading
GBP/AUD Head and Shoulders Complete
by FieryTrading
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
.