Hello traders!
GBPJPY is forming a corrective structure. After three lower highs it cannot break through the support and is forming a double bottom. We can expect a break of the descending trendline and move to the top of the structure.
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GBPJPY is forming a corrective structure. After three lower highs it cannot break through the support and is forming a double bottom. We can expect a break of the descending trendline and move to the top of the structure.
If you like the idea and find it helpful please press like 👍 and feel free to leave a comment bellow. Thank you
Trade closed: target reached
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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.