Tokiz

GBP/JPY Break-n-Retest

FX:GBPJPY   British Pound/Japanese Yen
85 0 6
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
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out