More downside for the GBPJPY before conviction to the upside.
The pound yen fulfilled the bear case that we drew out last week. Price will continue to trade in a choppy manner. There are areas of liquidity on both sides but it seems like the path of least resistance lies on the downside.
BEAR CASE
We think price will continue to find downward momentum before rebounding at the 149–150 levels.
BULL CASE
Price will need to fake out to break the 150.62 level before price can find upward momentum.
Either BULL/BEAR case, we are looking for a short this coming week.
BEAR CASE
We think price will continue to find downward momentum before rebounding at the 149–150 levels.
BULL CASE
Price will need to fake out to break the 150.62 level before price can find upward momentum.
Either BULL/BEAR case, we are looking for a short this coming week.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.