A moderate pullback may be possible in GBP/JPY
Dear traders,in my previous GBP/JPY ideas, I advised buying at 180.85 level.
If you followed those ideas, you made over 400 pips. At present,
GBP/JPY rallied strongly during the NY session on Friday.
However, the price looks over-stretched from the EMA.
So, there is a possibility of a pullback to 183.60 level. If there is the
formation of a couple of bearish candlesticks in the 185 zone, traders
can consider selling with 183.60 as a target.
If you followed those ideas, you made over 400 pips. At present,
GBP/JPY rallied strongly during the NY session on Friday.
However, the price looks over-stretched from the EMA.
So, there is a possibility of a pullback to 183.60 level. If there is the
formation of a couple of bearish candlesticks in the 185 zone, traders
can consider selling with 183.60 as a target.
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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.
Related publications
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.