GBPJPY: another wave down?!

Short

British Pound / Japanese Yen (FX:GBPJPY)

Updated

FX:GBPJPY British Pound / Japanese Yen

Trend Analysis Chart Patterns GBPJPY

trendanalysis chartpattern gbpjpy

After rebounding from trendline sypport, GBPJPY reached the resistance area at which we short it before and could not achieve a successful breakout.

Trade: Sell GBPJPY at 152.15
TP1 150.80
TP2 149.00
SL 153.20

Comment:

First TP hit at 150.80 gaining +135 pips. book your profits and move your SL for the rest at 152.15 to enjoy your risk free trade.

snapshot

Trade closed: target reached:

We Close the rest of trade here at 150.40 for +175 pips from entry at 152.15

Enjoy the profit.

snapshot

Related Ideas

about GBPJPY

about GBPJPY

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