British Pound / Japanese YenUpdated GBP/JPY : Are we going to see a bullish reversal?
Dear traders, in my previous GBP/JPY trade idea, I recommended you
to sell GJ@183.70. Shortly after, GJ continued to fall and went as low as
181.10. So, if you followed my idea, you could have made 260 Pips!
(Link to the previous idea has been pasted here below)
Now, as per the current scenario, GBP/JPY is very close to the 100-day exponential
moving average level. If price does touch the mav, then I will be looking for buy entries
as indicated in the chart. Entry : 180.70, SL below 179 and TP: 185
to sell GJ@183.70. Shortly after, GJ continued to fall and went as low as
181.10. So, if you followed my idea, you could have made 260 Pips!
(Link to the previous idea has been pasted here below)
Now, as per the current scenario, GBP/JPY is very close to the 100-day exponential
moving average level. If price does touch the mav, then I will be looking for buy entries
as indicated in the chart. Entry : 180.70, SL below 179 and TP: 185
Note
Still waiting and watching if GJ can touch the 180.70 level where I would be looking to buy
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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.
Related publications
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.