GBPJPY | APPROACHING DYNAMIC RESISTANCE - POTENTIAL DROP!!
Updated
Hey Everyone,
Yesterday was a volatile day for JPY and US Dollar pairs as US Dollar Keeps strengthening up where as Yen got weaker after Asian Market opens in a negative, it gives us an opportunity to trade JPY Pairs but it's quit risky ATM to find a reversal point as market is driven by cumulative to stocks
In short is pretty hard to Identify wheres the next stop for JPY in order to gain strength due to Trade war that is going on (and yes it do affect)
Currently British Pound is sideways not much of an hawkish experience just a small momentum so based on Technical analysis we'll be trade GBPJPY by shorting this pair at 150.060 as it holds the Strong Resistance barrier, quit possible only if it remains Overbought just to stay safe we'll be trading with a pending order with these preferences,
SELL LIMIT - 150.060
STOP LOSS - 151.163
TARGET - 147.079
another trade will be posted under this thread,
have any doubts? then, let us know in the comment section below
and make sure to give this analysis a Thumbs UP +_+
Yesterday was a volatile day for JPY and US Dollar pairs as US Dollar Keeps strengthening up where as Yen got weaker after Asian Market opens in a negative, it gives us an opportunity to trade JPY Pairs but it's quit risky ATM to find a reversal point as market is driven by cumulative to stocks
In short is pretty hard to Identify wheres the next stop for JPY in order to gain strength due to Trade war that is going on (and yes it do affect)
Currently British Pound is sideways not much of an hawkish experience just a small momentum so based on Technical analysis we'll be trade GBPJPY by shorting this pair at 150.060 as it holds the Strong Resistance barrier, quit possible only if it remains Overbought just to stay safe we'll be trading with a pending order with these preferences,
SELL LIMIT - 150.060
STOP LOSS - 151.163
TARGET - 147.079
another trade will be posted under this thread,
have any doubts? then, let us know in the comment section below
and make sure to give this analysis a Thumbs UP +_+
Trade active
PLACE another Trade (Small one)Trade active
Another Sniper Shot running with (+90 PIPS) of Profit!Trade 2 on GBPJPY
Don't forget to HIT LIKE and let me know how much you made
in the comment section below, Cheers!
Trade closed: target reached
UPDATE GBPJPY TRADE2 - Close Now with (+120 PIPS) of Profit!
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