GBPJPY further potential decline
It is important to look out for the next few hourly candle closes. Should next candle be bullish, we may see a short-term upside movement and potentially form and complete a H&S pattern.
If price continues its downward decline, look out for the 4 Hourly 50% and 61.8% fib. retracement levels as stated in the chart.
Disclaimer: Content discussed is for informational purposes only and shall not construe an offer or solicitation to engage in any activity regarding the subject matter.
If price continues its downward decline, look out for the 4 Hourly 50% and 61.8% fib. retracement levels as stated in the chart.
Disclaimer: Content discussed is for informational purposes only and shall not construe an offer or solicitation to engage in any activity regarding the subject matter.
Trade active
Price has failed to break to the upside out of the wedge pattern and broken downside instead.Longer-term trendline has also been broken. A bounce may occur before further downside momentum.
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.
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.