GJ Analysis 06/10/2020

FX:GBPJPY   British Pound / Japanese Yen
We are currently trading in a sizeable 40 pip range, we have two options to enter a trade:

1) If we break below support and form a resistance on lower timeframes, we can look for sell entries for a potential wickfill. It is a decent sized range to fill and profits would be secured early as usual anyway.

2) If we break above 136.275, look for price to form support on lower timeframes before riding price up to 136.600. We have a good range to fill but we need to keep an eye on that wick rejection as it could cause some issues on the way up.
Comment: Target smashed a few hours ago.

Runner left at 10% looking for 137.400, with stops at BE
Comment: Stopped out at BE


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out