Get started
British Pound / Japanese Yen

GBP/JPY Short trade continuing trend.

By Tshaw7
Updated
Perhaps an opportunity for a short trade to the downside, as we can see a level of support and resistance around 146.483 that has been tested on multiple occasions. Price could potentially rise up to the most recent support level (Highlighted zone) and continue on the down trend. Or perhaps break through and contest the level that we see higher on the chart and again continue trend and push toward the downside. SL (stop loss) placed above the highest recent high (highlighted red) and TP (Take profit) around the level of the most recent support line (144.745)
Note
Sorry TP at 144.950
Chart Patternsresistance_levelsupporttrendTrend Analysis
Tshaw7

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.