rhf_fx

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

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