British Pound / Japanese Yen

Long

GBPJPY 4hr support looking strong here

By TradeChartist

Updated

GBPJPY holding to the 4hr support pretty strong as the demand zone looks clearly established with risk being small for a short term lucrative long.

Levels on chart.

Note

Support zone + Current range. Break above this range will be a clear Bull sign

snapshot

Note

Nice bull action with Bull Divergence on Price Volume Trend Oscillator on 4hr

snapshot

Note

Sold most at resistance on LTF with a view to re-enter trade at the break up above resistance.

snapshot

Trade closed: stop reached

Didn't pan out as expected. stopped at just above entry with some profits taken above 136.2.

snapshot

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