GBPJPY > Traders Still Distributing GBP, Expect to See 157.00!!
Analysis of #GBPJPY
Hi traders, today we will have a look at #GBPJPY
in this consolidation pattern as you can see it's kind of the traders are distributing the GBPJPY slowly and buying the Yen.
I expect the Pound to keep going down against the JPY at least to test the trendline support near 157.000, right now in the 15 minutes time frame the market is forming a flag pattern that usually breaks to the downside.
Today you know we have the interest Rate news coming from the bank of England so it will be risky to be in a trade before the news, Trade safely
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
Hi traders, today we will have a look at #GBPJPY
in this consolidation pattern as you can see it's kind of the traders are distributing the GBPJPY slowly and buying the Yen.
I expect the Pound to keep going down against the JPY at least to test the trendline support near 157.000, right now in the 15 minutes time frame the market is forming a flag pattern that usually breaks to the downside.
Today you know we have the interest Rate news coming from the bank of England so it will be risky to be in a trade before the news, Trade safely
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
Note
92 pips, move SLl to BE, if you got inTrade closed: target reached
170 pips, congrats all
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