The price has broken the support level of 146.600 signaling a possible downtrend. I upward pullback to take place soon, but I am not placing a buy order due to the pessimistic market of GBPJPY. I am focusing to short GBPJPY in the zone. Trade Safely!
Trade active
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Running in profit for 25pips
Trade closed: target reached
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I closed all my position and looking for re-entry.
Great idea, I have the same bearish view on GBPJPY, let me know how you think
Lukman_M
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@FXCM-EDU, I do agree with your trade idea as we are not seeing any buying momentum that will be strong enough to end the current downtrend. Shorting is safer for now compared to going long (trying to catch bottomless pit).
Great idea, I have the same bearish view on GBPJPY, let me know how you think