GBPJPY Long at Current Levels
This pair today reaches critical levels for creation of a bottom.
The decline since the 9th of May now totals 700 pips or 7 yen per pound. This level is ideal for the creation of a bottom and we should see a bottom created in this area.
The decline since the 9th of May now totals 700 pips or 7 yen per pound. This level is ideal for the creation of a bottom and we should see a bottom created in this area.
Note
If prices fail to rally from this level, another long downtrend should follow, possibly toward a bottom around 133.
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.