British Pound / Japanese YenUpdated GBP/JPY time for a correction ?
On this pair we have a strong daily impulse that is showing some signs of weakness and we expect the market to start its correction to the 0.618 Fib that aligns perfectly with a strong level of support. The Monthly and Weekly timeframes are also showing bearish prediction for the short term which aligns perfectly with our idea of the correction. We want to see on the 4H a market that is shifting from a bullish environment to a bearish environment so we can enter the trade and get a good 1/4 RR.
If you enjoyed this analysis please smash that like button and If you have a different opinion leave a comment in the area below for more insights.
Trade safe !!!
If you enjoyed this analysis please smash that like button and If you have a different opinion leave a comment in the area below for more insights.
Trade safe !!!
Trade active
We are running 50 pips profit at the moment.
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.
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.