GBP/JPY weakness may persist in the coming days
Dear traders, in my previous GBP/JPY analysis, I advised you to buy at 149 level with
TP at 152. That trade generated close to 300 pips profit.( Previous idea attached below
for your reference.)
Currently, it seems like GBP/JPY might visit the 149 level once again after
reversing from the resistance.
I would be looking to put sell entries near the 151.30 level if price makes a correction
with target at 149. However, sell trades will be executed only if bearish price action happens.
TP at 152. That trade generated close to 300 pips profit.( Previous idea attached below
for your reference.)
Currently, it seems like GBP/JPY might visit the 149 level once again after
reversing from the resistance.
I would be looking to put sell entries near the 151.30 level if price makes a correction
with target at 149. However, sell trades will be executed only if bearish price action happens.
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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.
Related publications
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.