GBPJPY Downbeat creates momentum

Signals and strategies GBPJPY

GBPJPY marks an all-time high of 186.77 in early Asian trading hours on Tuesday. The spot price is trading around 186.50 at press time. The pair retreats from the all-time high as it appears to be a hurdle. A break above that level could help the GBP/JPY pair explore higher highs around the psychological 187.00 level.

The Moving Average Convergence Divergence (MACD) indicates a buying bias in the pair as it is in the positive zone of the centerline and above the signal line. The 14-day relative strength index (RSI) remains above 50, which confirms the bullish sentiment of GBP/JPY buyers.

Comment:

NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest

Trade active:

SELL GBPJPY zone 186.650 - 186.750

SL: 187.150

TP 1 : 186.300
TP 2 : 186.000
TP 3 : 185.700

Trade active:

HIT TP 1. +45pips. Nova's gift to everyone🎁🎁🎁

Trade active:

+60pips, NEAR TP 2. Close a part profit 🔥🔥🔥

Trade closed: target reached:

🔥🔥🔥🔥🔥🔥HIT FULL 3 TP. +100pips🔥🔥🔥🔥🔥🔥

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