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GBPJPY: the finale of the downtrend?
British Pound / Japanese Yen
Long
GBPJPY: the finale of the downtrend?
By husylzy
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Oct 17, 2019
6
Oct 17, 2019
GBPJPY is in the upward trend from 117 level in year of 2011, while in the downtrend from historical peak 195 till now.
as the Brexit hope rallies on Thursday 17/18/2019, the price hit the upper trail of the current trend channel 141 level.
Waiting for confirmation of 141.3 to be broken through to open long positions.
my bias is long.
Trend Analysis
Wave Analysis
husylzy
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