Paun British / Yen JepunPanjang
GBPJPY BULLISH CONTINUATION SETUP
Hi traders,
The GBPJPY seems to have completed ABC zigzag corrective chart pattern, which could indicate a continuation of the uptrend.
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GBPJPY bearish correction is probably a wave (iv) of a larger impulsive wave 1.
Considering that the price has breaks above the blue CTL after rejecting a swing level that lined up with moving averages and 38.2 Fib ratio; we have a valid reason to buy this pair.
.
Price has the potential to move higher and complete impulsive wave (v) "blue." The main target is -27.0 FE that lined up with descending channel resistance as projected on the chart.
.
Thanks for reading!
The GBPJPY seems to have completed ABC zigzag corrective chart pattern, which could indicate a continuation of the uptrend.
.
GBPJPY bearish correction is probably a wave (iv) of a larger impulsive wave 1.
Considering that the price has breaks above the blue CTL after rejecting a swing level that lined up with moving averages and 38.2 Fib ratio; we have a valid reason to buy this pair.
.
Price has the potential to move higher and complete impulsive wave (v) "blue." The main target is -27.0 FE that lined up with descending channel resistance as projected on the chart.
.
Thanks for reading!
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.
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.