GBPJPY-bullish bat-GBP extremely oversold and must recover
I've been closely and succesfully watching this pair this month.
The price is now near the important psycho level 1.7500 and about to form a bullish bat.
The GBP is extremely oversold but is showing some signs of recovery against other pairs.
I expect the GBP to recover very quickly, according to the related pair GBPUSD (you can see my long term W1 analisis):
Thats why i placed three targets : target 1(short term), targest 2 and 3 (long term).
Best regards
The price is now near the important psycho level 1.7500 and about to form a bullish bat.
The GBP is extremely oversold but is showing some signs of recovery against other pairs.
I expect the GBP to recover very quickly, according to the related pair GBPUSD (you can see my long term W1 analisis):
Best regards