Progression
Long

GBPJPY Potential BUY @ clear level of support

FX:GBPJPY   British Pound / Japanese Yen
Hi everyone this is my first post, I hope you find this information valuable.

GBPJPY has broke and retested a previous support/resistance . I would recommend placing a BUY but ONLY if price action still supports an uptrend when the market opens next week OR if a new bullish price action signal is formed. The market is likely to open below the previous close and may linger around the support before giving a bullish price action signal. I've shown an example of possible Entry, Stop Loss and Take Profit on the chart. I wish you all a good weekend!

Comments

Looks like a double bottom below the neckline, with an uptrend to follow breaking resistance. Spot on
Reply
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