RLinda

RLinda ! GBPJPY -> Descending triangle. Support breakdown?

Short
FX:GBPJPY   Funt Brytyjski/Jen Japoński
GBPUSD is forming a global high in June and after several corrections the price failed to renew this peak. A downtrend is becoming noticeable on the chart.

We see a downtrending price channel, but we can't see the trigger point for further action at the first time. On the chart we have a strong support level of 161.332, which was formed on June 14, 2022, below this level could not go, not counting false breakdowns.

I assume that since the bottom boundary of the descending triangle is the support level mentioned above and also the price is pushing down to that level and forming a pre-breakdown consolidation, there is every chance that the support level can be broken. The short-term target is the support at 159.9, and the medium-term target is the support area at 159.4.

Sincerely R. Linda!

🌹TRADING is a CASINO💔!?

NO‼️

You❗️CAN and ❗️SHOULD make money in trading!

Join me, I'll guide you to PROFITABLE TRADING💵!

🟢Free Telegram Channel:
t.me/RLindaTrade

🔴Contact:
t.me/RLindaSignals

🧿Web: rlinda.com
Wyłączenie odpowiedzialności

Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.