GenesisG

GBPJPY currently consolidating

FX:GBPJPY   British Pound / Japanese Yen
* NEW TRADER any tips or comments would be much appreciated!*
GJ is in a uptrend in the daily chart but is currently going through some consolidation on hourly. If it breaks the trend-line then I will be looking for a longer term sell, still have to see a pullback. If it hits the light blue mark, that could be a short opportunity for a buy(would set the take profit close to the resistance). Will have to keep up with the market to see where it's going.

Comments

The pair is correlated with global stock markets indices, especially the JPN225 and US indices, the pair is negative for the week, you may look at this link
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out