The price of GBPJPY recently broke below 147.500 signaling a strong selling pressure. 147.500 was a minor support area turning into new resistance are. I am placing my short position near the new area of resistance with stop loss of 40-50 pips.
Trade closed: target reached
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.
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.