TradingView
rob_WRLD_
Jun 12, 2023 5:27 AM

GBPJPY Upside Potential Long

GBP/JPYOANDA

Description

â‹…
Hey Traders! 👋

For Day 27/100 of our challenge, we will look at GBPJPY for upside potential this week/month

Technicals:
- Overall uptrend
- Breaking into a new high
- Currently in impulse phase
- Expecting pullback towards 174.0/5
- Targeting daily key level 176
- Idea invalid if 172.6 breaks

Other technicals:
- Seasonality forecasts more upside this month
- Retail traders at 90% short (trade against)

That's it for today! Let's start the week off well by ticking off all your trading routine tasks. I believe in you 🥂
Comments
InkyGrip
â‹…
Good trading plan, thanks for sharing. I'm looking GBPJPY as well
rob_WRLD_
â‹…
@plancton0618, Yup! Seems like a high probability play.
More