GBPJPY TRADE IDEA
I expect the price to break from here and move downward to the trend baseline 155.550
there might be some consolidation before reversal
towards 156.300 level, at this point the price may retest 155.980 area as new support
before skyrocketing towards upper trend line 157.760. once this area holds the price may
fall to create a lower high or pullback slightly for more buying pressure
towards final stop at 158.200.
ENTRY: 155.600
TP:157.700
SL: 155.300
Pipsbagger
there might be some consolidation before reversal
towards 156.300 level, at this point the price may retest 155.980 area as new support
before skyrocketing towards upper trend line 157.760. once this area holds the price may
fall to create a lower high or pullback slightly for more buying pressure
towards final stop at 158.200.
ENTRY: 155.600
TP:157.700
SL: 155.300
Pipsbagger
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