traderh

GBPJPY, 23.04.11, Asian Session

Long
FX:GBPJPY   British Pound / Japanese Yen
Bulls rampaged through 165.00 yesterday right after a quick sell from 164.50 to 164.00. This huge move could continue on but buying at the highs seems risky for now.

I am stepping on the sidelines for now to wait for a good setup for a long entry. Perhaps a drop and a quick compression at key levels?

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.