GBP/JPY More Downside Expected
GBP/JPY completed an ABC pattern, it is now creating another one. I do believe it will go down to 136.150 and will bounce from that level and begin its upside move again. Wait to see corrective structure before you enter a short trade. It is respecting the support and resistance levels at 136.150 and 148.147. Trade safe traders!
Trade closed: target reached
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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.