GBPJPY Short
Last week GPBJPY broke down below a cluster of supports and presented a roughly 350 pip selling opportunity. Since then, the Pound has rallied and created a bear flag on the Hourly chart (as shown above). The price is now sitting at a long term support that has now turned into resistance. Any rallies from here will be good opportunities to short this pair. Furthermore, a firm break below the bull flag and the pair will head first to 142 followed by 139.
Thank you for looking and best of luck!
Thank you for looking and best of luck!
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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.