AlkalineFX

GBPJPY: Downside Ready? 🧐

Short
AlkalineFX Updated   
FX:GBPJPY   British Pound / Japanese Yen
I am cautious about selling GBP pairs as the bullish trend is super strong.

However, this pair looks like it is ready to make some downside after playing around and trapping both sides of the market.

If we clear this level, I will look to join sellers on the pullback.

Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬

🚨RISK DISCLAIMER:
Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use a tight stop loss.

--------------------------------------------------------------------------------------------------------

Please like, subscribe, and share this idea with others! ⬇️

--------------------------------------------------------------------------------------------------------

Comment:
Level not breached, no trade.

Loss saved.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.