mytw0cents

GBPJPY WEEKLY UPDATE

Long
mytw0cents Updated   
FX:GBPJPY   British Pound / Japanese Yen
hi all

I'm still slightly bullish on the GBP/JPY trade. I've hit sl and breakeven a few times and also missed a trade. Fundamentally, I believe the market is still buying phase and not a yen phase yet.

Perhaps once there is a clear understanding of ufo, long yen will begin. hahahahhahahaha

I am thus closely monitoring the gbp/jpy resistance level and waiting for the point at which I feel like taking a risk.

My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.

Like and subscribe and happy trading to all
Comment:

waiting
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