Hello, I am gonna share my thought about this pair. i am using ichimoku cloud as trend indicator and stochastic as momentum indicator. in the chart, the gbpjpy losing momentum so it is a sign that we can go short.
Notes : iam using daily chart which there is not much noise in market and basically i can hold the position 1 week until 1 month.
i am going to short gbpjpy.
STOPLOSS @158.100
RESISTANCE @158.000
TP @154.000
Thankyou.
this is not financial advice and do with your own risk.
Notes : iam using daily chart which there is not much noise in market and basically i can hold the position 1 week until 1 month.
i am going to short gbpjpy.
STOPLOSS @158.100
RESISTANCE @158.000
TP @154.000
Thankyou.
this is not financial advice and do with your own risk.