British Pound / Japanese YenUpdated GBP/JPY POSSIBLE SELL
Posted this yesterday but deleted shortly after posting, but after the first test of my POI I no longer feel as uncertain as I did yesterday. It is still a risky play, but today Yen pairs are bearish. GJ was bearish earlier in the day and I was able to get some trades before the bullish move happening now. I still think there's some merit here. GJ has breached multi-year highs and is at a very important area, which it reacted to early hours of today (my time zone GMT+1). Decent RR, let's see how it plays out. NFA, Do your own analysis.
Note
100 pips down, already done 1:3 RR. Take partials. I expect a pull back at around 185.275, might add more positions.Trade closed: stop reached
GJ encountered strong support around 184.650. I had already taken partials and broken even. My stop has been hit on it's way up, I'm out of this trade.
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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.