Yen Weakness Appearing Everywhere

FX:GBPJPY   British Pound / Japanese Yen
86 0
I'm already long CADJPY and AUDJPY , and now seems like a good time to go long GBPJPY . Price has pulled back to the 61.8% Fibonacci retracement from its recent swing low to swing high, and is also sitting just above its 50 SMA , which is coinciding with a horizontal support level . Friday's candle was also an inverted hammer at support, which I'm interpreting as a sign that bulls are stepping in.

As such, I'm long at 172.72 with my stop at 171.87. My target profit is just above the recent highs at 175.27. I'm risking 85 to gain 255, which gives me a reward/risk of exactly 3.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out