GBPJPY Waiting for a good entry (correction) Short

FX:GBPJPY240

British Pound/Japanese YenFXCM

Description

⋅ Oct 21, 2019 10:33 AM

The fib level 78.6 is almost merged by 1.272 fib extention , that's probably the turning point with a lower risk.

Comments

majajo231

⋅ Oct 21, 2019 10:43 AM

Actually what's going on.
I am confused this pair .....
Lots of pips up but ............
Everyone comment it's sell sell..........
I am really confused

TheFXEmpress

⋅ Oct 21, 2019 10:47 AM

@majajo231, After every impulse comes a correction, its called counter-trading, which is not a perfect way of trading usually. BUT gbp pairs can give you good amount of pips even in counter trading : ) Thats why everyone is trying to catch it. Hope I helped : )