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Cory4rex

News Set Up for GBP pairs 2/11/19

British Pound / Japanese Yen (OANDA:GBPJPY)  
Cory4rex Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
Supply and Demand Volatility newstrading newsspike
3
0
supplyanddemand volatility newstrading newsspike
This setup looks great for a new setup trade strategy. The GBPJPY pair moved between a range of 128-251 pips on previous days we've had the following factors:

Gross Domestic Product (GDP)
Manufacturing Production m/m

On this date, however, we'll also have two other releases to add to the volatility of this pair:
Prelim GDP q/q
Prelim Business Investment q/q
Comment:
And so it was, news break was mostly a fail on GBP pairs but the setup was grade A! Didn't get the huge breakout we expected but that's okay. With my pending order set high enough not to get pulled into a minor move I took no trade on this pair but looking for the again on this pair tomorrow and Wednesday!

Still in play!!!
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