Watch out! GBP/JPY inching closer to the hourly resistance
Hello trader, in both of my last two ideas on GBPJPY, I advised you to go long in GJ.
Price was at 181.30 back then. So, if you followed you already made over 200 pips
profit.
Currently, on the hourly chart, GJ is inching closer to the hourly resistance at 183.80
zone. If the zone holds and we see the formation of some rejection candles in this area,
then we can expect GJ to fall to 182.50.
Watch out for GBP data later in the day which can trigger big moves in GJ
Price was at 181.30 back then. So, if you followed you already made over 200 pips
profit.
Currently, on the hourly chart, GJ is inching closer to the hourly resistance at 183.80
zone. If the zone holds and we see the formation of some rejection candles in this area,
then we can expect GJ to fall to 182.50.
Watch out for GBP data later in the day which can trigger big moves in GJ
Comment:
80+ Pips running profit. Price fell exactly after hitting resistance
Trade closed: target reached:
Target reached : 150 Pips profit
