From TradingView · · 30s
GBPJPY Bear Flag Short Setup
GBPJPY breaks below 209.71, targeting 207.267 for short trades.
In brief
GBPJPY breaks below 209.71, targeting 207.267 for short trades. GBPJPY is expected to drop to 207.267 after breaking below 209.71. Originally reported by TradingView.
Technical Setup
GBPJPY shows bear flag pattern on daily chart near 209.71.
Key Targets
Price expected to drop to 207.267 (245 pips) before 204.600 (510 pips).
Trade Execution
Short positions targeted between 209.50 and 210.50 with stop loss above 213.440.
The essence
GBPJPY is expected to drop to 207.267 after breaking below 209.71.
