British Pound / Japanese YenUpdated More downtrend is possible in GBPJPY
Hello friends, I have been selling GBPJPY for the last 2-3 weeks now since 135.50 area. Although the movement has been very slow. I am trying to sell, take profit and then re-enter the trade on a Pullback.
This is my chart from yesterday where I expected price to drop from the 133.40 area.
Currently, we are 100 pips lower from that level.
However, I believe GBPJPY will drop to 130.50 area again later this week or early next week. So, I prefer to add to my sells in GBPJPY
Currently, we are 100 pips lower from that level.
However, I believe GBPJPY will drop to 130.50 area again later this week or early next week. So, I prefer to add to my sells in GBPJPY
Note
GBPJPY dropped to the initial target at 132Trade active
Re-entered sell at 132.90
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