GBP/JPY tests key Support, what is the best level to buy?
Hello traders, GBP/JPY pulled back 300 pips from the highs at 193.50.
However, the dynamic support level on the 4Hour chart has prevented further declines.
As you can see in the chart, 190.40 level has held well so far. In view of the above,
if price tests the support level again, we would consider buying GBP/JPY@190.40
with Stop Loss placed below 190 and TP at 193.50
However, the dynamic support level on the 4Hour chart has prevented further declines.
As you can see in the chart, 190.40 level has held well so far. In view of the above,
if price tests the support level again, we would consider buying GBP/JPY@190.40
with Stop Loss placed below 190 and TP at 193.50