GBP/JPY Struggles at the hourly resistance, sell now?
Hello traders and the entire Tradingview community. Last week, we bought
GBPJPY at 178.50 level and made over 300 pips.
At the moment, however, you can see that GBP/JPY is struggling to break
the 100-hour resistance. So, there is a chance that GJ may fall again.
Of course, the scenario would change if the bulls can break the 181.10 level.
I am waiting and watching the price action now. So, if bearish price
action continues at the 181 level, I might put a sell at this level.
GBPJPY at 178.50 level and made over 300 pips.
At the moment, however, you can see that GBP/JPY is struggling to break
the 100-hour resistance. So, there is a chance that GJ may fall again.
Of course, the scenario would change if the bulls can break the 181.10 level.
I am waiting and watching the price action now. So, if bearish price
action continues at the 181 level, I might put a sell at this level.
Comment:
Watch out for the BOJ policy meet though, might lead to massive moves
Trade active:
Sold@181
Comment:
Running in 70 pips, partial profit taken
Trade closed manually:
Closed@180.20
Trade active:
Sold again@184
Comment:
Sell from 184 running in 65 Pips profit
Comment:
Currently in 150 pips profit, partial profit taken
Trade closed manually:
Closed@181.40 with 260 Pips