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** GBPJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Great analysis as always, looking at the monthly TF, the price is too over stretched, and forming an ending diagonal, for me I think it's a great opportunity to sell or short GJ for the rest of the year till price get to 160.00, is it possible? Is it realistic?
BKTradingAcademy
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@jsh_eng Thank you so much! Definitely possible. I have the same thoughts, however most spreads on shorts are going to be extremely high due difference in interest rates. Thus, fees could eat into your profits, so pay yourself along the way. Just factor this into your risk management. 🙂
Happy Trading!
ibrar550
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not if Powell hints at 2 rate cuts then itl go past 183