BloomFisher

GBPJPY | APPROACHING DYNAMIC RESISTANCE - POTENTIAL DROP!!

Short
BloomFisher Updated   
FX:GBPJPY   British Pound / Japanese Yen
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 +_+
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!
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.