GBPJPY Buy LimitWe saw that the trade did not go as we expected , but now I am waiting for it to finish the pullback at around the marked area and if we see that there was positive price action moving our way , we can enter the trade. I have set a buy limit at that point , so you can expect the trade to happen at any point soon
Buy Limit : Entry : 126.955
S/L 126.428
T/P 1 128.859
T/p 2 129.630
Gbpjpy_outlook
GBPJPY Market Outlook | Daily Forex Market BreakdownGBPJPY
GJ is developing really good. We need to be extra patient with this pair right now, it’s too early to make a decision. We need to let it play out a bit more. If support can hold we could see a big push to the upside, that being said if we can see a big break below support we could see a violent push to the downside.
GBPJPY LONG! Two Setups on Daily Charts Currently price is trapped at Buy-Zone that could act as support or Resistance for Potential Long-setup on Daily charts.
Waiting for further price action is best strategy prior to locking trade position.
Check comments section for future updates on idea.
Like this idea?
Like, Share, Follow, and Support this channel for yet better content.
Thank you and happy trading.
WHAT NEXT FOR GBP JPY AFTER WE BROKE THE RANGEAs we previously expected to break the sideways direction, I expect to see a little decline at the support levels 133,339 and we return to test the bottom line of the sideways wave, which represents a strong support level in the previous days, then we will continue to the downside towards the 135,359 levels