GBPJPY. Potential long opportunity.
With our last analysis on GBPJPY working out, we are still bullish on the pair with current elections going on. We are still extremely bullish on GBPJPY especially due to the reason BoJ (Bank of Japan) still can’t risk to raise their interest rates aggressively due to the downside risk on their stock market.
We have been waiting on the break of our previous TP (Take Profit) for us to continue to the upside. Our entry is at 199.182, with SL (Stop Loss) sitting at 197.786. Keep in mind we still have the gap on GBPJPY that has happened. Our TP (Take Profit) is sitting at 203.816 but we will trace it with our KL’s (Key Levels) marked with yellow lines. We will send out updates on this analysis.
PARAMETERS
- Entry: 199.182
- SL: 197.786
- TP: 203.816
KEY NOTES
- Last H4 on GBPJPY has closed bullish.
- We have broken past the last high.
- Breaks above our KL’s would result in higher prices.
Happy trading!
FxPocket
With our last analysis on GBPJPY working out, we are still bullish on the pair with current elections going on. We are still extremely bullish on GBPJPY especially due to the reason BoJ (Bank of Japan) still can’t risk to raise their interest rates aggressively due to the downside risk on their stock market.
We have been waiting on the break of our previous TP (Take Profit) for us to continue to the upside. Our entry is at 199.182, with SL (Stop Loss) sitting at 197.786. Keep in mind we still have the gap on GBPJPY that has happened. Our TP (Take Profit) is sitting at 203.816 but we will trace it with our KL’s (Key Levels) marked with yellow lines. We will send out updates on this analysis.
PARAMETERS
- Entry: 199.182
- SL: 197.786
- TP: 203.816
KEY NOTES
- Last H4 on GBPJPY has closed bullish.
- We have broken past the last high.
- Breaks above our KL’s would result in higher prices.
Happy trading!
FxPocket
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.