GBP/JPY Technical Analysis Idea
Potential Buy & Sell opportunity on GBP/JPY
PAY CLOSE ATTENTION TO PRICE ACTION
we have seen GJ been holding above (163.00) area
if we get a break & close below that area can open
room for potential sellers.
Sell Entry On GBPJPY
As A Trader I Completely Believe On Sentence " TRADING IS SO SIMPLE (If We Stay Consistent & Discipline With Our Strategy) BUT NOT EASY (If We Start Breaking Our Trading Strategy Rule.)"
"Below All Conditions Are Meet To Take Sell Entry On GBPJPY"
(1) Entry Price - 161.504
(2) Stop Loss - 162.364
(3) Take...
The GBPJPY pair has recently broken out of an ascending triangle, indicating that the bullish trend could continue. This is a bullish signal, suggesting that traders may want to go long on the pair. Before entering a long position, however, traders should make sure to analyze the current market conditions and place a stop loss order to protect their capital....
Based on,
1.Economic strength of the currencies and how it impact on GBPJPY.
2.Current foreign affair and based on the budget release of the impactful countries.
3.Some of basic and accurate technical analysis.
4. Entries are based on S&R.
I am buy on gbp jpy possible continuation bullish move. Breaked previous resistance 161.600 and closed above direction. Multiple rejection 161.200 major level expecting continuation.
market is bullish side so go for buy only and sell for short term
if market tap on extrrem POI then go for buy side in lower time frame 1H is your lower time frame .
