jacklynch20

GBPJPY Short Progress

Short
OANDA:GBPJPY   British Pound / Japanese Yen
As suggested in the previous analysis, the price is falling from the supply zone and heading towards a small area of resistance. I would personally recommend waiting for a retest of the resistance if broken as highlighted by the arrows before entering any orders. The current extremely volatile market conditions can be easily triggered by any future fundamental announcements so a smaller lot size in conjunction with a wider stop loss margin would be the safest plan if price continues to follow.
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