Forecast by MARIUS GHISEA (May 4-8)

The daily chart for GBP/JPY indicates that this pair will be soon in downtrend. The entry point will be at 61% Fibo where is 181,14 level.  GBPJPY will fall in the long term in order to close the gap at 167,89. At this level will be formed a triangle.

GBPJdaily-page-001

The monthly chart will be correlated with the daily chart when the price reaches the entry point. This pair will be in downtrend in the long term.

GJmonthly chart-page-001

 

MariusG
Marius Ghisea – fund manager and advisor for institutional and individual investors. 11 years experience in forex market. Marius G. provides advices for long term investors with low risk strategies investments. Technical analyst at ProfitF.com ( Go to Ghisea Marius Facebook group >>> )
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