GBP/JPY Daily short (Potential WEEKLY LONG)

FX:GBPJPY   British Pound / Japanese Yen
981 7 11
See chart for description.
Well, I see GBPJPY over 186 at the moment (186.3). The level of importance is the 186.72 and it will reach it very soon.
Tradinggrouptw fximperija
yes, but i believe the market will come back to the support at 1.85 to go further long reaching the target. Lets see how it plays out ! :)
+3 Reply
Can you explain what is a V formation and where did you learn this? Or is this something that was taught to you all over the internet too or did you steal this proprietary information from Forex Watchers :)
Tradinggrouptw ForexWatchers
No, its basically a support/ resistance level being broken. Price comes back and uses it as resistance. Its common understanding of the market and not something that ForexWatchers should charge 5000 USD for.
+3 Reply
Tradinggrouptw ForexWatchers
# owned
+2 Reply
Excellent, perfect setup my friend.
+3 Reply
Tradinggrouptw IvanLabrie
Thanks, lets see how this scenario plays out ! :)
+1 Reply
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