Simply_FX_Trading

GBPJPY D1 Sell: Wait for resistance rejection

Short
FX:GBPJPY   British Pound / Japanese Yen
GBPJPY D1 Sell:
> Consolidation zone.
> Will need to wait for price to reach the resistance zone, and then await for rejection.
> Very fundamentally driven at the moment.
> Will only enter if I see bearish price action at the resistance level.

Trade Idea:
> Enter: 144.050
> Stop Loss: 144.850
> Take Profit: 141.500


GBPJPY D1 Sell:
> Consolidation zone.
> Will need to wait for price to reach the resistance zone, and then await for rejection.
> Very fundamentally driven at the moment.
> Will only enter if I see bearish price action at the resistance level.

Trade Idea:
> Enter: 144.050
> Stop Loss: 144.850
> Take Profit: 141.500
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.