GBPJPY Holds Above 140.69 Level
Signposts summarized key chart details. Sell off from the 141.24 level continues to weaken. While 140.69 is a rather minor level, price is holding on this week's open. Pound traded higher despite Brexit news, which is expecting to hold given current price action. Aiming to see 141.24 resistance invalidate over the next couple of weeks.
[Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions.]
[Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions.]
Comment:
Downside target to 139.57.
