GBPJPY long trade H4 - Counter trade idea
Here we also see GBPJPY bouncing off the lower channel support which is also around 50% fib retracement ( 129.889)
Possible short term bounce to around 130.923 as TP1 or even 131.960 which will be confluence with upper channel resistance
Also note that 131.960 level has been recently tested multiple times as support and resistance, so this would be a level for TP2 that I am watching for possible down trend continuation
Possible short term bounce to around 130.923 as TP1 or even 131.960 which will be confluence with upper channel resistance
Also note that 131.960 level has been recently tested multiple times as support and resistance, so this would be a level for TP2 that I am watching for possible down trend continuation
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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.