GBPJPY

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GBPJPY. Potential long opportunity.

We believe that GBPJPY will continue to the upside after coming down to our PBA (Pull Back Area). Our entry is sitting at the pullback area at 190.402. We are looking for breaks of 193.289 and 195.862 which would confirm our target 197.500 where our TP is sitting at. Our SL is sitting at 188.127 and if broken, it would result in deeper pullbacks which would not be out of the ordinary based on a weekly timeframe.

PARAMETERS

- Entry: 190.402
- SL: 188.127
- TP: 197.500

KEY NOTES

- GBPJPY has fallen to our PBA.

- Break above 193.289 and 195.862 would confirm higher highs.

- Break below our SL would result in deeper pullbacks.

Happy trading!

FxPocket
Transakcja zamknięta: osiągnięto wyznaczony cel
GBPJPY has came to our KL (Key Level) - 50% correction at 193.289. Secure some profits and let the rest ride!
Komentarz
GBPJPY back above 192.000. The analysis is still active with half of our positions opened since 2 days ago. As long as we continue trading above 192.000, we will see more upside.
buyopportunityChart PatternsGBPGBPJPYTechnical IndicatorsjapaneseyenjpysignalsTrend Analysis

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