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nelsyboy
Dec 20, 2020 6:39 PM

BUY GBP/JPY Long

British Pound/Japanese YenFXCM

Description

On 16th Dec price closed above the previous high close on the 9th Dec. There has been a test of that price on 18th Dec but significantly, price closed above that level. Therefore, you should keep an eye out in lower timeframes for a break UP from Fridays trading to confirm a BUY at a decent price.

Comment

Big drop in the GBP. That is why you must always watch in lower time frames before committing.
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