Get started
FXTOP7

Strong supply zone! Time to short for long term ;)

Short
British Pound / Japanese Yen (OANDA:GBPJPY)  
FXTOP7  
OANDA:GBPJPY   British Pound / Japanese Yen
Chart Patterns Trend Analysis Fundamental Analysis
9
3
chartpattern trendanalysis fundamental
Looking at the 3 months time frame and we can see that we are at a strong supply zone! Also the fibs lining up perfectly. I'll be holding this position for long time since trading higher TF.

Bank of Japan will mostly intervene coming days and we shall see a sharp drop by next Friday!

We are trading at 2007 levels and extremely overbought.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.