GBP/JPY: Short Posiiton
Great Britain Pound show right now sell inminent of this downtrend continuation against Yen Japanese to trade Forex
This it's the Daily chart and it's look bearish and Pound could to hit down to $149.46 JPY.
This it's the market structure, but in case that Pound make a pull back to $152.70 JPY approx. This zone it's another opportuity to sell in case that we fall this trade.
Now, in H1 I see this price action and Pound forming a bearish hammer, an indication to sell.
So guys, in our economic calendar there're nothing for tomorrow to still pending the pause of the market when that pass, but we hope to read everyday in our Forex news to know what happen in the world, specially in this conflicts of war between Ukraine and Russia.
This it's the Daily chart and it's look bearish and Pound could to hit down to $149.46 JPY.
This it's the market structure, but in case that Pound make a pull back to $152.70 JPY approx. This zone it's another opportuity to sell in case that we fall this trade.
Now, in H1 I see this price action and Pound forming a bearish hammer, an indication to sell.
So guys, in our economic calendar there're nothing for tomorrow to still pending the pause of the market when that pass, but we hope to read everyday in our Forex news to know what happen in the world, specially in this conflicts of war between Ukraine and Russia.
Comment:
Break Even: $152.20 JPY
My price Entry: $151.92 JPY
Difference's Pips: 28 pips to loss
***But we have a good risk management meanwhile we're in profit in this par GBP/JPY
Break Even: $152.20 JPY
My price Entry: $151.92 JPY
Difference's Pips: 28 pips to loss
***But we have a good risk management meanwhile we're in profit in this par GBP/JPY
GBP continue in this downside and this structure was broke down and this candlestick pattern it's that insittutionals it's leading the GBP to the bearish movement.