British Pound / Japanese YenUpdated GBP/JPY Intraday 2 scenarios
Morning Traders!
The price has clearly breaked the daily resistance closing above it with a D1 candle. What i expect today is a retracement at least to the breaked resistance (151,600).
However, the pair has shown tons of bullish activity those days so if it breaks upwards the M15 rectangle i will go long targeting 152,850 that is where i see the next resistance.
Good Trading Traders!
The price has clearly breaked the daily resistance closing above it with a D1 candle. What i expect today is a retracement at least to the breaked resistance (151,600).
However, the pair has shown tons of bullish activity those days so if it breaks upwards the M15 rectangle i will go long targeting 152,850 that is where i see the next resistance.
Good Trading Traders!
Note
Finally we got a downward break. Moved my TP to 151,350, that is the price where the breaked trend line is.Note
Was so close from TP, still waiting. Put BE.Trade closed manually
Closed +25 pips. Price just stoped 7 pips above my target.
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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.