darrenkav25

0.618 Fib Level Diverging 100 & 200 MA?

OANDA:GBPJPY   British Pound / Japanese Yen
Wow! risk on again! fantastic to see such optimism on the opening of the economies across the globe.

0.618 Extension hit if there was a point for a reversal it is now but hard to go against the risk on tone movement into 137.000 would see a potential target of 140.000 although hard to contend to with BREXIT talks resuming

For the Bears I would suggest a test until the 137.400 mark SL have a look at futures trading and see what the mood is like in the EU session which is packed with news TP for this could be the 135.000

Myself I learned never get in GBP/JPY's way when its in an uptrend or you will be wiped every time.

Comments

Correct, I don’t go against an uptrend on the GBP/JPY myself. Last night it was bearish but I still couldn’t do it.
I’m in Long as of last night. I need to do my market research as of yet since I just logged on. I’m hoping it’s going to be a Bull market with the next London session.
+1 Reply
Hola compañero, esta bien escrito tu descripcion de la idea? me costo entender algunas partes..
+1 Reply
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