GBPJPY might have be done consolidating (corrective wave 2). Watch for a breakout then go long for wave 3.
For the next 2 weeks, stability in the market could come back with could lead to a more risk-on mood. However, brexit is still in the picture which could complicate things with GBP pairs. In that regard, a breakeven stop will be put in place when top of wave B will be reached.
Another good pair to considerer for similar results could be EURJPY (see related ideas).
Stop loss : 158.30 (below current wave 2 low)
Breakeven : ~161.50 (a little bit bellow wave B top)
Target #1 : TBD
For the next 2 weeks, stability in the market could come back with could lead to a more risk-on mood. However, brexit is still in the picture which could complicate things with GBP pairs. In that regard, a breakeven stop will be put in place when top of wave B will be reached.
Another good pair to considerer for similar results could be EURJPY (see related ideas).
Stop loss : 158.30 (below current wave 2 low)
Breakeven : ~161.50 (a little bit bellow wave B top)
Target #1 : TBD
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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.
Related publications
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.