British Pound / Japanese Yen

Short

Updated

GBPJPY Ranging with bias to the downside

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.

Note

retest of doubletop. looking for entry short here

Note

Pays to be patient. trail stop to 142 next stop

Trade closed: target reached

Note

Trend is still valid waiting for retest of 142.50 level

Trade active

shorts entered 142.52 tp 140.60

Note

still on the trade. ride to 142

Trade closed: target reached

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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.

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.