Pure technical analysis
This morning in Tokyo session GBPJPY made a small tight range after made down ward move yesterday.
We have two possible ideas for this pair to continue sell (blue and red arrows). Enter at the breakout of the lowest channel or wait for the price to purge Asian session liquidity in the next London session to put safe stop loss. Ride the wave to the previous support.
This morning in Tokyo session GBPJPY made a small tight range after made down ward move yesterday.
We have two possible ideas for this pair to continue sell (blue and red arrows). Enter at the breakout of the lowest channel or wait for the price to purge Asian session liquidity in the next London session to put safe stop loss. Ride the wave to the previous support.
Order cancelled:
Price broke our level upside. The analysis in invalid.