GBP/JPY Weekly Outlook 27/1/2020 to 31/1/2020
Forex Weekly Outlook 27/1/2020 to 31/1/2020
Pair : GBP/JPY
Weekly -In an Uptrend Channel inside Bearish
structure from Jan'18. Last week
close as Bearish Doji as confirmation close for
the previous week Bearish Pin Bar
Daily - Possibility of downside movement until lower trendline.
Possible break and bounce scenario
tradingview.com/chart/ki5cHdov/
H4 - Potential Inverse Head & Shoulders
in the making
tradingview.com/chart/ki5cHdov/
Plan 1 : Short position until 141.200 support area
Plan 2 : Wait for break or bounce scenario at 141.200 support area
Pair : GBP/JPY
Weekly -In an Uptrend Channel inside Bearish
structure from Jan'18. Last week
close as Bearish Doji as confirmation close for
the previous week Bearish Pin Bar
Daily - Possibility of downside movement until lower trendline.
Possible break and bounce scenario
tradingview.com/chart/ki5cHdov/
H4 - Potential Inverse Head & Shoulders
in the making
tradingview.com/chart/ki5cHdov/
Plan 1 : Short position until 141.200 support area
Plan 2 : Wait for break or bounce scenario at 141.200 support area
Note
28.01.2020 Tuesday 9am : Continue to hold short position. Daily close as mini bearish pin bar
tradingview.com/chart/ki5cHdov/
Note
Weekly close as strong Bearish candleNote
HIT TP at 141.200
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