Hello traders, ever since GBP/JPY was at 185, I had recommended
selling with a target of 179( previous GBP/JPY ideas attached below).
📌Currently, the price action is quite bearish even in the hourly chart.
📌GBP/JPY is unable to go above the 100-hour moving average which is
a bearish signal. In fact, every time the price pulls back to the 100H EMA,
we see further drops.
📌Based on the above factors, GBP/JPY is all set to fall to the 179 level
in the coming days. My recommendation is to sell the rallies in GBP/JPY.
selling with a target of 179( previous GBP/JPY ideas attached below).
📌Currently, the price action is quite bearish even in the hourly chart.
📌GBP/JPY is unable to go above the 100-hour moving average which is
a bearish signal. In fact, every time the price pulls back to the 100H EMA,
we see further drops.
📌Based on the above factors, GBP/JPY is all set to fall to the 179 level
in the coming days. My recommendation is to sell the rallies in GBP/JPY.
Nota
I would be looking at the 182 level to see we can get bearish PA on the hourly chartbefore going short.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.