Buy GBPJPY - Trading in a triangle formation

Jul 2, 2019

GBPJPY, GBPJPY, GBPJPY, GBPJPY

Trade Idea

Price continues to trade within the triangle formation.
Bespoke support is located at 136.10.
There is scope for mild selling at the open but losses should be limited.
Intraday signals are mixed.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Expect trading to remain mixed and volatile.

We look to Buy at 136.10
Stop: 135.65
Target 1: 137.60
Target 2: 138.20

EXPIRES AT 9PM

Jul 2, 2019

Trade active

Triggered. The move lower is below the daily ATR. This is the point where bulls in higher up could capitulate and stops get hit.