GBP/JPY long on 30 M
Price respects both rising support and 0,786 fib level. Previous resistance has become current support at 190.8-190.9. Interest rates are likely to rise so BoJ is not likely to control exchange rate right now as it will fall anyway on friday. That is why it might want to gran more LQ before falling at 193.
My entry is 190.9
SL-190.3
TP-193
My entry is 190.9
SL-190.3
TP-193
Trade active
Good 60 pips profits running. I suggest putting SL on BETrade closed: target reached
Nice 210 pips secured. I hope you enjoyed the ride.
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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.