Gbpjpyforecast
GBPJPY - FUNDAMENTALS WITH TECHNICAL BIAS#GBPJPY
Currently, GBPJPY is going up slightly due to MARKET RISK ON. We expect GBPJPY to wave UP again.
Anyway, that PRICE can fall on the SUPPORT LINE below GBPJPY again. But now GBPJPY PRICE can go UPSIDE MARKET. GBPJPY can definitely SELL at 160.097 LEVEL. For that, MARKET RISK should be OFF and JPY should be STRONG in the short term.
But we can BUY GBPJPY up to 168.690 LEVEL according to the STRUCTURE to COMPLETE the PATTERN. The reason for that is the idea that the MARKET SENTIMENT in the OVERALL MARKET will be RISK ON in the coming days. We must pay attention to MARKET SENTIMENT.
GBPJPY top-down analysis todayHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBP/JPY Sell Signals= +1.4k - 2.1k pipsTrade Levels:
SELL LIMIT/STOP: 163/162.4
STOP LOSS: 163.5 - 164
TAKE PROFITS: 160.9 - 161
*Will post 1hr signal and trade levels once available. Follow to receive an update of when I post chart analysis and trading ideas. Like and comment as well. Hope this was easier to read and understand.