TradeChartist

GBPJPY 4hr support looking strong here

Long
OANDA:GBPJPY   British Pound / Japanese Yen
GBPJPY holding to the 4hr support pretty strong as the demand zone looks clearly established with risk being small for a short term lucrative long.

Levels on chart.
Comment:
Support zone + Current range. Break above this range will be a clear Bull sign

Comment:
Nice bull action with Bull Divergence on Price Volume Trend Oscillator on 4hr

Comment:
Sold most at resistance on LTF with a view to re-enter trade at the break up above resistance.

Trade closed: stop reached:
Didn't pan out as expected. stopped at just above entry with some profits taken above 136.2.


Get in touch with me if you would like access to my Premium scripts for a trial before deciding on lifetime access.

Telegram - @Trade_Chartist

Free Scripts - bit.ly/Free-Scripts
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.