GBP/JPY another opportunity to short
currently the market structure is bearish on both 1D and 4H and it bounced of 0.786 fib level. If we break current 4H support (190.7) we will go significantly lower as there are no more supports down below. Even though I believe it will go to 186, TP of 187.4 will make this trade safer as there is support on all of the timeframes.
Entry 190.6
SL 191.5
TP1 187.4
TP2 186
RR1 3
RR2 4.3
Good luck
Entry 190.6
SL 191.5
TP1 187.4
TP2 186
RR1 3
RR2 4.3
Good luck
Trade active
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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.