FX:GBPJPY   British Pound/Japanese Yen
22 0 0
Earlier long position was taken out with the before-stated take profit line and failure to get on top of the upper yellow ST             trend line . I would still like a LONG position, but WILL WAIT for the following reasons:

1) MACD seems to be meandering (not even hovering or piercing) around a neutral zero
2) NIKKEI is down, which typically points towards a stronger JPY
3) We're getting close to the Europe open market (and it's typically loud around that time)
4) RSI is oversold, but in a low volatility time frame.
5) No more GBP news this week. (But USD unemployment tomorrow)
6) 15min Chart analysis makes me hesitant.

If you had a short from bouncing off of the yellow resistance line, keep it, with a tight SL. Otherwise wait for Europe to open (in 2 hours) to determine direction. Also, I'm waiting for Danske to come out with their projection.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out