Great Britain Pound/Yen Japanese has the same trades in ths deep correction to find down pips. So guys, we see another good opportunity to short GBP.
So, from H4, I see that this it's a bear signal and I believe that we could to put a sell order limit above of the market price. I put my sell order limit in the reaction point that forming a resistance and obviously the downside market structure. My sell order limit will be $160.40 JPY and SL to $161.01 JPY (60 pips) and also, I have 2 targets to note.
The first target will be $159.04 JPY and this could be around like 86 pips. And also, my 2nd target will be $158.10 JPY and around like 230 pips approximately.
But based in Daily timeframe, I see this bearish perspective that Sterling Pound could to find down to key support zone in Daily timeframe to watch-out.
I hope that this analysis support you very well!!!
So, from H4, I see that this it's a bear signal and I believe that we could to put a sell order limit above of the market price. I put my sell order limit in the reaction point that forming a resistance and obviously the downside market structure. My sell order limit will be $160.40 JPY and SL to $161.01 JPY (60 pips) and also, I have 2 targets to note.
The first target will be $159.04 JPY and this could be around like 86 pips. And also, my 2nd target will be $158.10 JPY and around like 230 pips approximately.
But based in Daily timeframe, I see this bearish perspective that Sterling Pound could to find down to key support zone in Daily timeframe to watch-out.
I hope that this analysis support you very well!!!
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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.