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AlkalineFX

GBPJPY - Get that Wick Entry

Long
British Pound / Japanese Yen (FX:GBPJPY)  
AlkalineFX  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Technical Indicators Wave Analysis GBPJPY gbpjpyshort gbpjpylong wickoff wicksdontlie Technical Analysis COT sentiment
2
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trendanalysis indicator waveanalysis gbpjpy gbpjpyshort gbpjpylong wickoff wicksdontlie technicalanalysis cot sentiment
We managed to pull off an amazing stunt last week with that lovely wick entry on GJ, we are now looking for more potential buying opportunities. I have marked out a zone in which I think price will tap into before continuing to the upside, you may want to consider setting some orders at that region if it fits your analysis.

GBP is proving to be very tough to trade recently giving us a yo-yo of price action movement so make sure you tread carefully when trading it.

COT Data - 53% Short
IG Client Sentiment - 53% Long

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