Gbpjpydaily
GBPJPY - SHORT This pair has rallied a long way since the recent lows at 151.40 area... I expect the GBP rally to start slowing and therefore have started to fade this pair at the 155 level. My stops will be implemented if we break the old upper limit of the downward trend line around 154.30 level. JPY has been fairly muted as of late, so this is effectively a cable trade without the dollar exposure.
Short GBPJPY @ 155
TP: 153
SL: 155.30
Good luck!
GBPJPY - Buy Entry - D1 ChartGBPJPY - Buy Entry - D1 Chart
Buy @ Current Market
Take Profit @ TP 1 or TP 2
Recommended Risk - Stop Loss @ 0.5% to 1% of your Account Balance
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GBPJPY - Dip and BlowThis pair is yet to tap into the low of the Asian Range, although it is trading within its most recent order block, I do think it is likely that a sweep of the lows will come before we begin to target some upside levels.
According to market sentiment 55% of retail is selling GBPJPY.