British Pound / Japanese YenUpdated 700 Pips Sell TP hit in GJ, now time for buys?
Hello traders, in my previous ideas in GBP/JPY last month, I recommended
selling the rallies in each of my ideas. In fact, my first sell entry was at
185.50 level with target at 178(link to the previous idea attached below).
So, whoever followed it has made over 700 pips profit.
📌Currently, GBP/JPY is around the 100-day EMA level which might offer
some support.
📌Yesterday's daily candlestick already has a long wick at the bottom.
📌If the daily candlestick ends above 180 today, there is a good
chance of a resumption of uptrend in GBP/JPY.
selling the rallies in each of my ideas. In fact, my first sell entry was at
185.50 level with target at 178(link to the previous idea attached below).
So, whoever followed it has made over 700 pips profit.
📌Currently, GBP/JPY is around the 100-day EMA level which might offer
some support.
📌Yesterday's daily candlestick already has a long wick at the bottom.
📌If the daily candlestick ends above 180 today, there is a good
chance of a resumption of uptrend in GBP/JPY.
Note
As expected price is up more than 80 Pips
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Related publications
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.