Long GBP_JPY
Updated
GBP_JPY is approaching the trendline from the move higher of May 2020, long term trend followers can look to enter at this point which currently sits at 152.600.
I recommended placing stops below the last approach to the trendline at 149.650 and look to target the 158 level given that the Bank of England is in a rate hiking cycle and Bank Of Japan is very dovish.
I recommended placing stops below the last approach to the trendline at 149.650 and look to target the 158 level given that the Bank of England is in a rate hiking cycle and Bank Of Japan is very dovish.
Trade active
Move your SL to the trendlineTrade closed: stop reached
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.