GBPJPY Probable Pullback setup
Updated
The price can either show a minor pullback from 155.79 or if breached then 155.15 is a stronger potential reversal zone. However 154 is the worst case scenario!
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Its weekly closing and we anticipate Monday gap opening on either side. Also there is strong impulsive downside movement. Hence, tight stop of 30 pips is placed and prudence is required to manage the trade. Happy Trading.
Note
Our Probability 2 setup is running successfully. Stops have been moved to break even and 1/3rd f position has been liquidated at +135 pips.
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