GBPJPY Short Idea
Looking to short GBPJPY. GJ has has pushed up nicely so far this week but I think there is more downside to come before a massive push up occurs in GJ.
With FOMC today and the Fed interest rate decision, this is a neutral asset to trade during the turbulence hence why I am posting this idea.
Confluences:
50% Fibo
Trendline 3rd touch
Intra Key Level
Entry- 188.5
SL- 45
TP1- 100
TP2- 200
Latent profit~ used to hedge a buy position
Catch you later traders ▲
With FOMC today and the Fed interest rate decision, this is a neutral asset to trade during the turbulence hence why I am posting this idea.
Confluences:
50% Fibo
Trendline 3rd touch
Intra Key Level
Entry- 188.5
SL- 45
TP1- 100
TP2- 200
Latent profit~ used to hedge a buy position
Catch you later traders ▲
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.