Gbp/Jpy - Watching for potential reversal.
Price have broken out and printed a new 16 year high before falling back down and printing a lower low on the 1H timeframe.
I am watching to see if price respects the lower trendline for a potential reversal trade targeting June lows.
JPY got a rate decision during the Asian session so that could be the catalyst for a move lower if that is where the market is going.
Right now i am waiting to see what price does.
I am watching to see if price respects the lower trendline for a potential reversal trade targeting June lows.
JPY got a rate decision during the Asian session so that could be the catalyst for a move lower if that is where the market is going.
Right now i am waiting to see what price does.
Trade closed: stop reached
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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.