GBPJPY LONG
I anticipate a trend-following trade on GBPJPY, considering the current position near the daily support zone. The candle reaction strongly favors a buy at the daily level. Upon further analysis of the 1-hour chart, a double bottom is evident, and there's a neckline break. I am now awaiting a retest.
- Entry: 185.125
- Stop Loss: 184.35
- Targets: 186.07, 186.75, 187.60, and 188.15.
- Entry: 185.125
- Stop Loss: 184.35
- Targets: 186.07, 186.75, 187.60, and 188.15.
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.