GBPJPY Outlook
Following the rules of supply and demand, we are waiting for a clear break of the indecision zone before entering our trade.
Bullish break: Enter at the 136.500 level and take profit at the previous consolidation right before our daily support zone
Bearish break: We wait for price to fall outside of indecision zone to the downside. We will enter at the 134.500 level and take profit at the consolidation zone above the zone to guarantee our trade closes.
SL placed at half the zone 135.500
Bullish move: ~140 pips
Bearish move: ~200 pips
Bullish break: Enter at the 136.500 level and take profit at the previous consolidation right before our daily support zone
Bearish break: We wait for price to fall outside of indecision zone to the downside. We will enter at the 134.500 level and take profit at the consolidation zone above the zone to guarantee our trade closes.
SL placed at half the zone 135.500
Bullish move: ~140 pips
Bearish move: ~200 pips
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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.