DIONNG

GBPJPY - BREAK OUT OF FAKE OUT?

FX:GBPJPY   British Pound / Japanese Yen
Hey Traders, looking at this pair we have price boxed in between 185.95 and 184.55. Price bounced off support on Friday suggesting it may test the highs again. Monitoring price action leading into London session for possible SELLS at or above(liquidity grab)resistance. For BUYS I'm looking for a clean break out and retest before taking action. Be prepared to trade either way. If price breaks down to the support level, same strategy. Happy trading
DIONNG
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.