Long GBP/JPY intraday @ 184.63 Target 185.20-185.40 Stop Loss 184.30
rationale
Upward revision of the GDP was priced-in. The cross is now oversold on the daily and the 4-hour chart. Gold spiked to USD 1080 immediately after US GDP, which indicates the USD longs could see some amount of profit taking, helping the cross take back part of its losses.
rationale
Upward revision of the GDP was priced-in. The cross is now oversold on the daily and the 4-hour chart. Gold spiked to USD 1080 immediately after US GDP, which indicates the USD longs could see some amount of profit taking, helping the cross take back part of its losses.
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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.