FX:GBPJPY   British Pound / Japanese Yen
As we can see GBP JPY is in a really strong area of support that has been used many times before but with all the recent bearish pressure going into this level could we finally see it break?

Price was last below this level in Feb of this year and ever since breaking through this level price has been up and down touching multiple times, now with some medium impact news regarding GBP in 2 hours and UK100 index at a good support level could we finally see this push through and break this key level on GBP?

Watch the chart and find out ;p

Myself personally am favouring the break, but this is not a signal only analysis so don't take this trade if it doesn't line up with your own analysis.

Comments

Great going, mate! If price re-tests the base it'll be a great position to scale in or start a new short. 😊👌
+1 Reply
ApexFX_Pro Captain_Walker
@Captain_Walker, Cheers, I got in at the break of that zone, currently running around 130 pips.
Reply
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