GBPJPY Potential short opportunity.
GBPJPY Potential short 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 190.000. We are looking for breaks of 195.125 which would confirm our target 197.000 where our TP is sitting at. Our SL is sitting at 188.120 and if broken, it would result in deeper pullbacks which would not be out of the ordinary based on a weekly timeframe.
- Entry: 190.000
- SL: 188.120
- TP: 197.000
Break below our SL would result in deeper pullbacks.
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 190.000. We are looking for breaks of 195.125 which would confirm our target 197.000 where our TP is sitting at. Our SL is sitting at 188.120 and if broken, it would result in deeper pullbacks which would not be out of the ordinary based on a weekly timeframe.
- Entry: 190.000
- SL: 188.120
- TP: 197.000
Break below our SL would result in deeper pullbacks.
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