Abdul_Light
Short

GBP/JPY - Trade what you see, not what you think

FX:GBPJPY   British Pound / Japanese Yen
We've had 2 leg touches on the GBP/JPY             - both seemingly at the price level of 146.340 - We're still waiting for the 3rd leg touch before we get a massive rejection as there's a lot of sellers at this time on the GBP due to instability in the UK because of the Brexit - We've had some positive news today from the UK, it's had an economic growth of 0.3% but that still doesn't guarantee us a strong economy as the country was before.

Due to this fundamental news, we can assume that the GBP will have a bit of buyers but not more than sellers, the sellers are waiting at a significant event area, the right time for the market to drop. The only requirement now is to allow the market to come to you and not chase it.
any telegram group buddy
Reply
Abdul_Light SivaKumarSubramaniam
@SivaKumarSubramaniam, Will create one in the near future, once that's done I'll let you know - you can follow up on me on Instagram 'TradeWithLight' I'll announce it on there once I have the group ready.
Reply
do u still expect a rejection
Reply
Abdul_Light keenan.ne
@keenan.ne, I'd say this week we're going to see a GBP Recovery.
Reply
im praying your correct. 61.8 is a big reversal number. in addition no sign of BOE going through with an interest hike with weak economic data.
Reply
Abdul_Light richforeign
@richforeign, I was correct :P
Reply
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out