GBPJPY Analysis. Another day trade signal!
Hello Everyone. I want share my idea about GBPJPY pair which is signal from me.
After strong bearish moments of GBP i still looking that pair bullish. the reason is weakness of JPY index which don't have bottom and coming pretty strong down at all timeframe.
Here why i decide open long position the reason is after strong bearish movement GBP found some support level which stopped price fall and at second test we saw pretty strong price up movement which tested broke daily support level but rejection was not strong. for that i think it will continue up movement to second daily resistance which is perfect for day traders.
Open Long Position - 182.000
Stop Loss - 181.500
Take Profit - 183.670
After strong bearish moments of GBP i still looking that pair bullish. the reason is weakness of JPY index which don't have bottom and coming pretty strong down at all timeframe.
Here why i decide open long position the reason is after strong bearish movement GBP found some support level which stopped price fall and at second test we saw pretty strong price up movement which tested broke daily support level but rejection was not strong. for that i think it will continue up movement to second daily resistance which is perfect for day traders.
Open Long Position - 182.000
Stop Loss - 181.500
Take Profit - 183.670
Comment:
Stop loss trailed to 182.200
