intraday scalp on GJ
FX:GBPJPY British Pound / Japanese Yen
As we have covered in the previous post the bias for GJ over the next couple of days is bullish, During the NY session Price pulled back to test previous Asia resistance/ 30m structure, with a rejection and decent bullish volume we have an entry with a risk to reward of 1-3. Entry taken on 5m time frame largely visible double bottom at previous Asia resistance.
Trade closed: target reached:
Full 3r TP hit, Price continued to 4r