British Pound / Japanese YenUpdated Watch out! GBP/JPY inching closer to the hourly resistance
Hello trader, in both of my last two ideas on GBPJPY, I advised you to go long in GJ.
Price was at 181.30 back then. So, if you followed you already made over 200 pips
profit.
Currently, on the hourly chart, GJ is inching closer to the hourly resistance at 183.80
zone. If the zone holds and we see the formation of some rejection candles in this area,
then we can expect GJ to fall to 182.50.
Watch out for GBP data later in the day which can trigger big moves in GJ
Price was at 181.30 back then. So, if you followed you already made over 200 pips
profit.
Currently, on the hourly chart, GJ is inching closer to the hourly resistance at 183.80
zone. If the zone holds and we see the formation of some rejection candles in this area,
then we can expect GJ to fall to 182.50.
Watch out for GBP data later in the day which can trigger big moves in GJ
Note
80+ Pips running profit. Price fell exactly after hitting resistanceTrade closed: target reached
Target reached : 150 Pips profit
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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.
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.