GBPJPY trade idea 03/01/2025
Todays GBPJPY trade idea, higher timeframes are bearish (monthly and weekly) with Daily soon to turn (4,1 and 30 min bearish also) will wait for it to retest daily zone of interest (top yellow) before taking a sell.
First target is lower daily level of interest highlighted in yellow at the bottom, before creating a new lower low.
First target is lower daily level of interest highlighted in yellow at the bottom, before creating a new lower low.
Note
Trade hasn't been entered yet, looking on the daily there seems to be a head and shoulders forming so there is potential if you can hack it to hold this to 188 or lower.
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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.