With trade tension ongoing and brexit uncertainty, fundamentally it looks like it can easily go beyond 125, but its unlikely that we go down in a straight line, especially when you see on the left their is a long term ascending channel on monthly
Now its not like calling a bottom here, but gradually building long position for further recovery
Now its not like calling a bottom here, but gradually building long position for further recovery
Note
Though i am in long , but it looks more like consolidation now before further drop. So strategy here would be on a 1 lot trade , scalp .75 and put .25 for the long bidNote
Scalping would be best here as price can still fall due to jpy’s impending strength backed by uncertainty in financial markets... keep an eye on yeild curveNote
Profit taken at 132.700, GBP is due for a pullback now
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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.