Here's what I'm going to do. Three trades set to this pair. One for this week, the other 2 for next week I believe.
So GBPJPY just closed 4H chart under 200MA. I believe a small move is going to the bottom of the support area, within this week. A lot of resistance found on 143.700, that's where my short is set. That's my first trade.
Then, If it closes under the resistance area in red, I think it can fall twice to the support lines in blue.
I've checked some other GBP pairs and other JPY pairs. It's seams GBP should go down in almost every pair, and JPY should go up against almost other pair.
So, if that's right and there's no big news... I'll wait for cracks in the main levels.
Let me know what you think.
So GBPJPY just closed 4H chart under 200MA. I believe a small move is going to the bottom of the support area, within this week. A lot of resistance found on 143.700, that's where my short is set. That's my first trade.
Then, If it closes under the resistance area in red, I think it can fall twice to the support lines in blue.
I've checked some other GBP pairs and other JPY pairs. It's seams GBP should go down in almost every pair, and JPY should go up against almost other pair.
So, if that's right and there's no big news... I'll wait for cracks in the main levels.
Let me know what you think.
Trade closed: target reached:
1st and 2nd trades closed with profit!
Trade closed: target reached
Trade closed: target reached