erikgtFX

long break and re test

Long
FX:GBPJPY   British Pound / Japanese Yen
On GJ we have see price turn bullish after the news on the GBP trying to re gain strength , we saw price create new highs and a break of structure to the upside so we simply waited for a re test on our key area 156.500 as this area has recently been used as support and resistance and is a level banks like to trade around , we also had our 50% level on our fib respected so we got in on our zone with stops below the support .

risk 1 %
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.