GBPJPY - 12/09/2024 Market Analysis

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Yesterday, GBPJPY created a significant low and found strong support around the 184.000 level, leading to a bullish rejection and forming a daily candle with clear rejection signals.

Given this price action, there are potential buy setups to watch for during the London session. However, it's important to stay cautious as we have PPI news scheduled for 10:30 PM, approximately 30 minutes after the New York open. This data release is known for its volatility, so it's advisable to wait for the news to pass before entering any trades to avoid unnecessary risk.
הערה
Buy Limit set

Entry: 186.219
SL: 185.823
TP: 187.658

3.63 R:R

NOTE: THIS IS JUST FOR EDUCATION PURPOSE. DO NOT PLACE A TRADE WITHOUT KNOWING YOUR RISK.

כתב ויתור

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