GBPJPY respects downtrendline
Price is based below key level at 133.65
and below HVN at level 132.89 which indicates that pair is in distribution phase
Below SMA 100 on H1 frame
MACD shows start of bearish momentum
It's expected for coming strong bearish wave to target demand zone at level 127.32
Price is based below key level at 133.65
and below HVN at level 132.89 which indicates that pair is in distribution phase
Below SMA 100 on H1 frame
MACD shows start of bearish momentum
It's expected for coming strong bearish wave to target demand zone at level 127.32
Note
Hit TP1 +96 pips
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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.