Forex48_TradingAcademy

GBP/JPY Is there another long trade?

Long
OANDA:GBPJPY   British Pound / Japanese Yen
Good morning traders! On GBP/JPY, we have a new long setup following Friday's trade. The price seems to have reacted overnight in the highlighted yellow key zone at the 183.62 level, where there's a high concentration of orders and a strong potential for a reversal. Today, there are no significant macro data updates expected, so I anticipate a possible retracement to the 183.50 level. There, I will evaluate re-entering the market long with a potential target at the 184.300 level. Of course, I'll always await my strategic confirmations: an H1 close above the point of control (POC) with an immediate market reaction. Comment and leave a like to support our efforts. Have a great day, Nicola the CEO of Forex48 Trading Academy.

🏆 Exclusive access to Signals, Strategies, and 1-1 Mentorship: www.forex-48.com/trading

📊 FREE Watchlist: www.forex-48.com/free-watchlist

📚 FREE Course: www.forex-48.com/free-education

🤑 FREE Signals & Setups: t.me/Forex48TradingAcademy
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.