GBPJPY bearish scenario:
🌟🌟🌟GBPJPY bearish scenario:
In this pair we have technical figure Triangle. The Triangle has broken through the support line at 27/11/2020. Forming a bearish formation on a 4 hours chart. If price holds below this level we will have possible bearish price movement with forecast for the next 10 days with target 135.000. Our stop loss order should be placed at 139.86 if we decide to enter this position.
💚Fundamentals
- The pound has dropped against its main rivals on Friday, weighed by the ongoing uncertainty about the Brexit negotiations and talk about a new Scotland’s independence referendum
- The Canadian Dollar (CAD) has continued to edge higher today, with the commodity-linked currency benefiting from rising oil prices.
In this pair we have technical figure Triangle. The Triangle has broken through the support line at 27/11/2020. Forming a bearish formation on a 4 hours chart. If price holds below this level we will have possible bearish price movement with forecast for the next 10 days with target 135.000. Our stop loss order should be placed at 139.86 if we decide to enter this position.
💚Fundamentals
- The pound has dropped against its main rivals on Friday, weighed by the ongoing uncertainty about the Brexit negotiations and talk about a new Scotland’s independence referendum
- The Canadian Dollar (CAD) has continued to edge higher today, with the commodity-linked currency benefiting from rising oil prices.
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.