Long GBPJPY idea
Updated
As we have UK CPI on Wednesday this long could be just an intra-day punt.
Looking for a drop down into the imbalance and then a sweep of the recent swing high.
There is a double bottom just below the entry hence why I am not really bullish. The news could be used to sweep those lows and maybe a pushed further down.
Going to stay nimble.
The USDJPY held up today, while the EURJPY and GBPJPY made an attempt to drop. IF we get direction in the UJ I'll use that as my lead for how much to bet on the GJ
Looking for a drop down into the imbalance and then a sweep of the recent swing high.
There is a double bottom just below the entry hence why I am not really bullish. The news could be used to sweep those lows and maybe a pushed further down.
Going to stay nimble.
The USDJPY held up today, while the EURJPY and GBPJPY made an attempt to drop. IF we get direction in the UJ I'll use that as my lead for how much to bet on the GJ
Trade closed manually
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