Get started
shaqshaw

GBPJPY Long Position

British Pound / Japanese Yen (FX:GBPJPY)  
shaqshaw Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Support and Resistance Fibonacci
2
0
trendanalysis supportandresistance fibonacci
As the pair recently broke its downtrend as it escaped the trendline. Upward motion is expected after a retest of the 145.700 region.
Comment:
As there was no sign of a bullish engulfing pattern in the 145.700 region, but rather a consolidation o lower time frames and then a push downward; this trade became invalid.
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.