GBPJPY LONG TRADE SETUP

GBPJPY LONG TRADE SETUP

18 May 2020, 03:09
Lalit Matta
0
61
Technical Analysis- The 4 hour right is turning down against 4/09/2020 peak (135.74) but shows a   sequence. 1 hour is turning up. However, while near-term dips remain above 131.44 high expect pair to extend lower 1 more push before cycle from 4/09/2020 peak ends & a bounce higher in 3, 7 or 11 swings could take place. 

Signal- Long  
@129.50-25 

TP1 : 130.10 
Tp2: 130.50 
Tp3: 131.10 

Sl:128.80 

Good luck !
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