Great opportunity to short the GBPJPY, bearish daily candles are starting to appear on the chart. Our signal to sell is this breakout of a pennant to the downside and the rejection from the trend line on the daily chart.
The upside seems to be capped with a dogi daily candle on the daily chart just under the trend line. We expect heavy selling pressure due to continuous pessimism about the UK - EU trade deals.
Good luck and trade safe.
The upside seems to be capped with a dogi daily candle on the daily chart just under the trend line. We expect heavy selling pressure due to continuous pessimism about the UK - EU trade deals.
Good luck and trade safe.
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Daily chart.
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Entry point idea
Entry point idea