GBPJPY....(159 PIPS)
Last week technically, GJ experienced a strong downtrend after it rejected from my rejection zone at 159.47. I expect this momentum to continue as you can see all odds favor the Japanese yen both technically and fundamentally as a new BOJ governor is in place!
With an RR of 1:4.5
NB: Red box zone: rejection zone
Blue box zone: breakout zone!
With an RR of 1:4.5
NB: Red box zone: rejection zone
Blue box zone: breakout zone!
Related publications
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.