GBP/JPY SHORT TERM BUY
GBP/JPY has been trading sideways lately, specifically since Nov. 4, when it fell sharply after coming across the 156.20 zone. The current range is between the 152.60 and 153.70 barriers, which suggests a short-term neutral bias.
The British pound initially tried to rally during the course of the week but has turned around to show signs of weakness as we have formed an inverted hammer.
A pull back into 154.00 area will be great, to look for a daily lower high for continuation short.
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GBP/JPY has been trading sideways lately, specifically since Nov. 4, when it fell sharply after coming across the 156.20 zone. The current range is between the 152.60 and 153.70 barriers, which suggests a short-term neutral bias.
The British pound initially tried to rally during the course of the week but has turned around to show signs of weakness as we have formed an inverted hammer.
A pull back into 154.00 area will be great, to look for a daily lower high for continuation short.
If you find this helpful let us know your thoughts on the IDEA
Drop some feedback below in the comment!
Your Support is very much appreciated!
You leave a comment an, let us know how you see this opportunity.
Trade closed: target reached