June 4, 2020 - London Session ideas

British Pound/Japanese YenFXCM

Description

⋅ Jun 4, 2020 4:41 AM

Buy and sell areas in chart. I will see how price reacts to those areas and trade accordingly.

Looks like the retrace is starting. It went down nicely during ng asian session. Let's see how low this can go.

I am still seeing bulls trying to push price up. Maybe the bears are just waiting for the right moment to drop this pair hard.

Ps. Trying to post this on my phone since I am out for the day. I hope this looks ok on a desktop. It is hard to analyse on a very small screen 😅

Comments

JoeSedona

⋅ Jun 4, 2020 9:46 AM

Update: Sterling weakens as Brixit fears remain, risk-offs returns. New data as of 42 minutes ago.

JoeSedona

⋅ Jun 4, 2020 6:25 AM

I’m in with a short.

KucingKepelarak

⋅ Jun 4, 2020 4:50 AM

Hi, could you please post idea for USDJPY? I am on sell, and still holding on since Tuesday

UnknownUnicorn111799

⋅ Jun 4, 2020 7:47 AM

@Sonson11, I see resistance at 109.200 area and a strong resistance at 109.700 area. If I am trading USDJPY I'd look at how price reacts in those areas for a potential sell opportunity.