GBPJPY Forecast And Technical Overview Week 16-20 Sep
As we have mentinoned in our latest forecast, Cup and Handle formation started to worked after the pair broke the neckline at 145.700. New visitors may read the latest forecast:
At 146.680, we have publsihed a shorter term trade idea based on Bearish Black Swan Harmonic pattern. Trade reached the first target.
It’s al about Brexit … Are the markets convinced… and how much…
Our focus will be the broken neckline of the CwH pattern – 145.700 –
If Dragon makes daily closing above the neckline, the next target will be 148.600 where we see a potential bearish Butterfly Harmonic pattern which can be used for a short opportunity.
The real bullish move will start after the breakout of 148.800 and the targets of the pair will be 151.000, 152,800 and 154.000.
If Dragon fails to close above 145.700, 143.300 can be tested.
Video Analysis in English : https://youtu.be/Ixj0FnW3C54
Video Analysis in Turkish: https://youtu.be/EiIdyI5XM0k
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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money
GBPJPY Forecast: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibilit