Trade_Simple_FX

GBPJPY H4 - Long Trade Setup

Long
OANDA:GBPJPY   British Pound / Japanese Yen
GBPJPY H4 - Still in play here, little bit of a correction from that 141.300 price as markets opened yesterday. Sold off down to the closest support zone (140.300).

We have seen an initial bounce from this price and now threatening those previous highs from last week, back on 141.300. A Solid break and retest of this price could signal GBP bulls, but that B&R is very important so we are buying from support.
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Comments

The big institutions who cause the big moves aren't trading support and resistance and they're the ones making money. There's a lesson in this somewhere. ✌🏻
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Agree bro
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