British Pound / Japanese Yen
Short
Updated

GBPJPY: Your Detailed Trading Plan For Today 🇬🇧🇯🇵

1377
snapshot

One more instrument that we covered on a today's live stream is GBPJPY.
The market nicely retraced to a solid horizontal support.
On that, the price formed a double bottom formation.

Watch 162.655 - 162.919 horizontal neckline to buy with a confirmation.
You need an hourly candle close above that to confirm a breakout.
Then a bullish continuation will be expected to 164.16 / 165.053 levels.

If the price sets a new low, the setup will be invalid.

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Note
The direction is long not short
my fault
Note
Check my new analysis on ETHUSD:
Ethereum (ETHUSD): Key Levels to Watch

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.