Gbp_jpy
GBP/JPY Daily She looks short :)Well it looks like after an impulse wave, the price is forming a corrective wave type structure which could later form into a triple bottom like structure...
Short @ 185
SL @ 187
TP 1 @ 184 (for the least patient)
TP 2 @ 183 (for the patient)
TP 3 @ 181 (for the boring hold forever type investor)
GBP/JPY - Short to 179.000GBP/JPY short to 179. Strong selling pressure towards end of last week. Price is at key support level so we may see a pull back to 182.500 before a move down. Keep an eye on the price action when the market opens on Sunday night. I will wait for break of level prior to entering trade.
Target level of 179.00 This coincides with ascending trend line, 200EMA and .618 fib.
GBP/JPY: Possible to going LongGBP/JPY is now uptrend mode. Which is faced resistance at 185.00 point and also faced strong support at 183.50 point. If this pair is break 185.00 level, my next target is 186.00, where its may be faced some resistance. Where is also complete ABCD Pattern.
Arrow sign tell us the possible retracement level for this pair, I think, this may retrace from those arrow sign level.
Use Stop loss at recent swing low point for long position. So, keep eyes on this pair and happy trading.
GBP/JPY major trend changing short!Please check weekly chart if you want to be more sure.
Everything is on the chart!
Feel free to comment :)
Academy Investment
A.i
