GBPJPY analysis

GBPJPY

The 88.2% Fibo level remains unbreached, which means that the ascending H1 level pattern is a wave (B) of the descending H4 level pattern. Awesome Oscillator shows a Bearish divergence, while Stochastic Oscillator signals an overbought condition.

GBPJPY rate online: trade the GBPJPY currency pair.

Trading idea:

Sell ​​on the formation of a downward wave pattern, where wave (A) breaks through the inclined channel of the ascending H1 level pattern.

Stop Loss for the base of the assumed А Н4 - 140.73.

Target levels - 138.29; 137.00.

If the level of 88.2% Fib. (140.23) is broken, then the upward pattern is NOT a wave (B), which means that it will NOT be wave (C) down. The trading plan will need to be canceled.

Featured expert at Grand Capital - Evgeny Boguraev.