Tradingwithtamil

GBPJPY: Who will last Yen or Pound?- Bullish.

Long
FX:GBPJPY   British Pound / Japanese Yen
GBPJPY U-turn from the current trend might restrict sellers'. In an hourly time-frame, the pair yet to recover from one-week-old downtrend this recovery action targets the 144.277 for the uptrend confirmation. The 144.277 pass-through will entertain the Buyers' Meanwhile the resistance confluence seems very strong to fetch the quotes 144.874 In case if the price range raging beyond 144.874 the 145.629 will be the Next target.

Alternatively, when compared to Yen, the pound is much stronger this domination offers a chance for sellers Invade. In this case, the support line influence may mark the importance of 142.996 if the pair sustained and continues to trade after the 142.996 end your trade @142.385.

Signal Specification

Entry: 143.351

Tp: 145.629

Sl: 142.385

R/R: 2.36

Hit like, comment and follow for more updates.

Happy trading.

Trade closed: stop reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.