Jude_N

I am buying to 136.20 and above : Probability 95 %

Long
WHSELFINVEST:GBPJPY   British Pound / Japanese Yen
In my opinion price behavior had provided us with very strong BUY signal with very good R:R . Price was not able to break below 134.00 and ended up generating a very strong upward trend line. buyers want to push forward. and may dominate for days to come. I am buying to a highly confluence area of 136.000. eventually it may complete 137.500 structure.
There have been fundamentals which will support this technical such as fiscal stimulus package of UK, and the Covid 19 measures hoping to boost the GBP.
Close look at &P 500 would be worthy at this stage.

It's always my two cents. Always consider playing safe.

Profitable trading week for all the good traders out there

PS: I can see lot of traders are adding me in to their following list. It is good thing. However, I would like to emphasize that, I am not a signal provider nor a trader who's looking to promote myself at trading view. It is just that, soon after i became a full time trader i was and i am trying to improve myself as trader day by day since i only trade one pair.

Cheers !
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.