Hi guys,
I want to share my vision of GBPJPY.
Here i see a really nice swing opportunity,
As you can see the pair is currently on a triangle pattern, price is now at the support zone.
I counted an full impulsive and corrective elliot waves, there is also a two daily trendline cross which i think it would be very difficult to break (only by fundamentals), the price is currently below the ema200 which i think the price will break it easily.
I personally think the price will touch the descending support, later making a retest on the 38 level of Fib and finally making a rally to 155 level.
Trade Safe!
Greetings,
D. Sayan
I want to share my vision of GBPJPY.
Here i see a really nice swing opportunity,
As you can see the pair is currently on a triangle pattern, price is now at the support zone.
I counted an full impulsive and corrective elliot waves, there is also a two daily trendline cross which i think it would be very difficult to break (only by fundamentals), the price is currently below the ema200 which i think the price will break it easily.
I personally think the price will touch the descending support, later making a retest on the 38 level of Fib and finally making a rally to 155 level.
Trade Safe!
Greetings,
D. Sayan
Trade closed manually:
GBP still weak