GBP/JPY: Approaching a confluence zone, what to do ?
Hi guys,
I took this trade a couple of minutes ago because it seems the pair is ready to push higher to its next resistance level which is a strong supply area (confluence zone).
Price is also currently above its pivot level.
I opened long my trade @ 135.740 and I will target the 136.400 area, so a potential 70+ pip trade.
If it breaks I will look for some longs from there but as another trade, probably tomorrow since it's already late.
Check out my previous ideas as well.
Trade at your own risk
I took this trade a couple of minutes ago because it seems the pair is ready to push higher to its next resistance level which is a strong supply area (confluence zone).
Price is also currently above its pivot level.
I opened long my trade @ 135.740 and I will target the 136.400 area, so a potential 70+ pip trade.
If it breaks I will look for some longs from there but as another trade, probably tomorrow since it's already late.
Check out my previous ideas as well.
Trade at your own risk
Comment:
4H view
Comment:
Still long but I will develop my new targets in a new idea
