As we can see GBPJPY from the major trend is bullish, but there is a possibility of a reversal, after many rejection at 2.24 Fibonacci and breaking the minor trendline, and there is an EMA indication of a crossover.
we have to see the formation of lower low and lower high to make sure the price will go down.
SL : 154.753 (80 pips)
TP 1 : 153.144 (+1)
TP 2 : 152.409 (+2)
TP 3 : 151.258 (+3.3)
we have to see the formation of lower low and lower high to make sure the price will go down.
SL : 154.753 (80 pips)
TP 1 : 153.144 (+1)
TP 2 : 152.409 (+2)
TP 3 : 151.258 (+3.3)
Comment:
There is an abcde wave inside the ascending channel