GBPJPY Ranging with bias to the downside
Updated
This is a tricky pair given the recent GBP strength.
Considerations for short
- Double top rejection (daily)
- Weekly trend line to the downside intact / Daily top rejection
- JPY pairs reacting to Nikkei topping out. Due for correction.
Considerations for short
- Double top rejection (daily)
- Weekly trend line to the downside intact / Daily top rejection
- JPY pairs reacting to Nikkei topping out. Due for correction.
Note
retest of doubletop. looking for entry short hereNote
Pays to be patient. trail stop to 142 next stopTrade closed: target reached
Note
Trend is still valid waiting for retest of 142.50 levelTrade active
shorts entered 142.52 tp 140.60Note
still on the trade. ride to 142Trade closed: target reached
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