Rithy

GBP/JPY trading plan on Thursday

Long
OANDA:GBPJPY   British Pound / Japanese Yen
British Pound has re-test to support level again at twice time yesterday trading, according to the news, Bank of Japan must maintain ultra-loose monetary policy for the time being due to uncertainty over prospects for achieving the bank's 2% inflation target in a sustainable fashion.
in this suituation traders are action before hand for a Buy since the market set up a retest at support level and failed, its occasion for trader to Buy the GBP/JPY pair now.
Good luck

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.