The daily chart of GBP/JPY closed on friday with a rejection of the upper movement forming a reversal pin bar, this is an opportunity to go short with T/P @ 141.90, if the 8EMA fails to force another reversal pin bar to form then a break of that point may give room for more downward movement with T/P @ 139.20
The EUR/JPY also formed a reversal pin bar on the daily chart indicating a rejection of the upper movement and a rally down to 123.00 is most likely. If a break of the 8EMA occurs then the next target will be 119.25.
For the GBP/USD the trends still remains downward and the next resistance is around 1.4250.
Happy Pipping!!!
No comments:
Post a Comment