GBPJPY further potential decline
It is important to look out for the next few hourly candle closes. Should next candle be bullish, we may see a short-term upside movement and potentially form and complete a H&S pattern.
If price continues its downward decline, look out for the 4 Hourly 50% and 61.8% fib. retracement levels as stated in the chart.
Disclaimer: Content discussed is for informational purposes only and shall not construe an offer or solicitation to engage in any activity regarding the subject matter.
If price continues its downward decline, look out for the 4 Hourly 50% and 61.8% fib. retracement levels as stated in the chart.
Disclaimer: Content discussed is for informational purposes only and shall not construe an offer or solicitation to engage in any activity regarding the subject matter.
Transaction en cours
Price has failed to break to the upside out of the wedge pattern and broken downside instead.Longer-term trendline has also been broken. A bounce may occur before further downside momentum.
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.
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.