GBP/JPY NEXT PLAY?!
There is a new opportunity on GBP/JPY. There are two different trade possibilities. One to the upside and the other to the downside. I am biased to the upside since we can see my trend determining indicator in a very bullish posture. But for the confirmation of the signal we need to first break the overhead resistance at 132.7. If that fails we still have a nice trade to the downside to be made with the target around 130.8
Note
We should also pay attention to the historical volatility percentile in the background of my indicator since the next expansion will likely produce a trending move.
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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.