British Pound / Japanese Yen
Short
Updated

GBPJPY starts corrective downtrend. Ready to SELL

810
✏️ GBPJPY has broken the trendline structure and broken the disputed zone. Price is heading towards the support zone ahead around 197.000. This is considered a breakout zone for DCA rather than BUYing at this zone. The downtrend of GBPJPY may extend to the bottom of last week.

📉 Key Levels
  • SELL now GBPJPY 198.000
  • SELL trigger: Break support zone 197.000
  • Target 195.500


Leave your comments on the idea. I am happy to read your views.
Trade active
Price is still trading and has not much momentum. Let's wait for further fluctuations in London session.
Trade closed: target reached
Price has touched TP 1. Congratulations to those who followed my strategy.

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