GBPJPY: BREAKOUT RISING WEDGE, BEARISH BIAS/MINOR CORRECTION?
Hello Fellow Traders, Here's your free outlook for GBPJPY. Don't forget to smash the LIKE, COMMENT, and FOLLOW button to support the channel!
GBPJPY already re-tested previous resistance and broke the rising wedge pattern. The momentum indicator is pointing down in the oversold area, indicating that GBPJPY is potentially continue moving downward to the target area.
The roadmap will be invalid after exceeding the resistance or target area.
DISCLAIMER:
This is only an outlook, not a recommendation to buy or sell.
GBPJPY already re-tested previous resistance and broke the rising wedge pattern. The momentum indicator is pointing down in the oversold area, indicating that GBPJPY is potentially continue moving downward to the target area.
The roadmap will be invalid after exceeding the resistance or target area.
DISCLAIMER:
This is only an outlook, not a recommendation to buy or sell.
Trade closed: stop reached:
Detected bullish divergence, the roadmap has been invalidated.
