GBP/JPY does not seem to have the ability to push higher up and it's very possible that it may continue it's bearish trend further low as soon as the current support breaks.
As always, invest after your own analysis and money manage properly!
Let me know what you think/your opinion in the comments.
Happy trading!
As always, invest after your own analysis and money manage properly!
Let me know what you think/your opinion in the comments.
Happy trading!
Note
When I say to invest after your own analysis is simply so that you do not blindly invest because I suggest you to do so.I say so, so that you may look at the charts and understand the pattern for future use of your own and be able to determine whether it fits your analysis or not.
When you do so, then you learn and gain more experience, rather than simply investing because someone else put an idea. You don't want to be independant on any one, but rather learn from them while making profits with them.
Never trade with emotions, stay positive, and keep a look out for the long term goals! :)
Wish you all the best!
Note
Make sure to give this idea a like and follow me if you want more great ideas/signals!Trade closed: target reached
Position was closed at 147.95 as it was not sure whether it could break the support.Note
GBP/JPY still hasn't found it's support and it may go further below if it breaks it's current support. Until it finds a strong support, it won't enter into a reversal.
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.