Tokiz

GBP/JPY Break-n-Retest

FX:GBPJPY   British Pound / Japanese Yen
95 views
6
95 0
GBP/JPY broke a strong trendline that connected rising lows that go back to the end of September, after bottoming out around 181.00. This break was on the back of recent dovish comments by the Bank of England that interest rates to remain low ‘for some time.’ This is obviously a big catalyst for pound sentiment, and it may be the main driver for Sterling in the short-to-medium term. So, I’m looking for a bearish move on GBP.

I would go Short half position at 186.00
"Max" stop at 187.75
Profit Target around 184.00

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out