British Pound / Japanese YenUpdated GBP/JPY Falling; Where Next?
GBPJPY alike many other JPY pairs is retracing on short falls and a change in market mood.
Key areas of support exist lower (visible on higher TF's as shown) but will require a continued downside movement.
This is what to expect after such a long rally.
Key areas of support exist lower (visible on higher TF's as shown) but will require a continued downside movement.
This is what to expect after such a long rally.
Note
Lock in short gains, exit on local W support. Minor longs applicable.Note
Minor long entries approach.Note
Exit for gains.Note
Looking for minor scalp longs.Note
Exit longs for gains.Note
Re shorts applicable.Note
Be careful buying and selling GBP if trading GJNote
Exit shorts for gains.Note
Looking for long entries.Note
Exit for gains on longside.Note
Same bias across board. Light shorts.Note
Continued into this week alongside other yens.Note
Out all shorts for gains. Room to fall.Note
Re shorts available.
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Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
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Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
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.