GBP / JPY Buy For 2% For 1-6 Weeks
Updated
Friday, August 16th 2019. GBPJPY Quote 129.10
GBP / JPY (Great British Pound / Japanese Yen) is the preferred instrument to buy GBP; buy GBP because of the trend created this week (August 12-16) and JPY because its' upsides will be more limited with it being up (refer to USDJPY May-August 2019).
GBPJPY target 132 (quote 129.10) for a 2.2% difference.
Duration 1-8 weeks. Estimated 2-3 weeks.
GBP / JPY (Great British Pound / Japanese Yen) is the preferred instrument to buy GBP; buy GBP because of the trend created this week (August 12-16) and JPY because its' upsides will be more limited with it being up (refer to USDJPY May-August 2019).
GBPJPY target 132 (quote 129.10) for a 2.2% difference.
Duration 1-8 weeks. Estimated 2-3 weeks.
Trade closed: target reached
September 11th, less than a month in quoted at target 132, 2.2% from initial 129.10. Well within 8 week duration, inside estimate of 2-3 weeks.
Today's October 16th quote 139, a massive 7% difference from quotes 8 weeks ago.
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.