Having made a new lower high, with a bearish engulfing pattern on the daily chart, gbpjpy will now be heading towards a new lower low continuing the 3 month downtrend. Ultimate target for this downtrend Will be 130.700, the same price level that was reached with the flash crash a few months back.
Note
TARGET HIT!
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.
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.