Dear Traders, hope you all are doing great, wanted to send an updated setup on #gbpjpy, on our previous setup price came to our area and dropped significantly as price have shown some pullback, we have a good area to enter.
Area of Entry:
-You can enter now which will be a risky entry or wait until the London session begins.
- Secondly, wait for price to reject...
We should see some resistance out of this level at 166.000 for either a big retracement or even a move all the way down to 160. I will probably wait until the start of next week before even looking at taking entry, remember even if we do see a move down to finish the week there will usually always be a second opportunity to get into the trade.
