GBPJPY Long Trade Idea
For this setup, I'm seeing a potential buy swing respecting 160.780 support level.
This a reversal type-trade setup, so it's a bit risky considering the recent H downtrend.
We'll have to see how next week opens though, as price could push a little further down.
This a reversal type-trade setup, so it's a bit risky considering the recent H downtrend.
We'll have to see how next week opens though, as price could push a little further down.
Note
The week did open with price pushing down a couple pips, but eventually moved up nice.Looks like could respect 162.720 level, I would advise securing profits for those in buys for now.
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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.