Overall Look on Daily GBPJPY is bullish looking for a short term trade to 139.700
Will be cautious around the Resistance zone as we did have Weekly reject twice.
Will be looking for a bullish set-up around 138.2 level keeping in mind that there is Brexit talks, monthly candle close, and NFP week. If price does not present itself, I’ll be waiting for the new monthly to open.
If Price action presents itself: RR 1:3.5
Entry 138.2
SL : 137.85
TP: 139.750
Let me know what you think in the comments below!
Will be cautious around the Resistance zone as we did have Weekly reject twice.
Will be looking for a bullish set-up around 138.2 level keeping in mind that there is Brexit talks, monthly candle close, and NFP week. If price does not present itself, I’ll be waiting for the new monthly to open.
If Price action presents itself: RR 1:3.5
Entry 138.2
SL : 137.85
TP: 139.750
Let me know what you think in the comments below!
Comment:
Tp Hit
Entry was at 138.350
Should hit TP if price continues bullish push throughout Asian session.
Stop Loss at break even.