GBPJPY
Since we got many questions regarding GBPJPY here is our overall view on it.
GBPJPY has been struggling to break an important KL (Key Level) 195.971. As of now we are trading below that KL. Breaking above it would give us a nice opportunity to enter in buys. However, if we continue to trade below 195.971, and failing to break it, we could see more downside on the pair. Breaking below 193.990 and 193.290 would give us a nice opportunity to sell, possibly all the way down to the bottom of the range where our PBA 1 is sitting at roughly around 190.000.
As of now there is no clear indication for buys or sells. Be patient and remember, sometimes the best trade is no trade at all.
We will be patiently waiting on breaks of our mentioned levels and we will post an update accordingly.
KEY NOTES
- GBPJPY is trading below an important KL.
- Break below 193.990 and 193.290 would confirm sells.
- Break above KL (195.971) would result in higher highs and confirm buys.
- No trade opportunity now, breaks should be waited on.
We would also like to take this chance to thank all of you for your support!
Happy trading!
FxPocket
GBPJPY has been struggling to break an important KL (Key Level) 195.971. As of now we are trading below that KL. Breaking above it would give us a nice opportunity to enter in buys. However, if we continue to trade below 195.971, and failing to break it, we could see more downside on the pair. Breaking below 193.990 and 193.290 would give us a nice opportunity to sell, possibly all the way down to the bottom of the range where our PBA 1 is sitting at roughly around 190.000.
As of now there is no clear indication for buys or sells. Be patient and remember, sometimes the best trade is no trade at all.
We will be patiently waiting on breaks of our mentioned levels and we will post an update accordingly.
KEY NOTES
- GBPJPY is trading below an important KL.
- Break below 193.990 and 193.290 would confirm sells.
- Break above KL (195.971) would result in higher highs and confirm buys.
- No trade opportunity now, breaks should be waited on.
We would also like to take this chance to thank all of you for your support!
Happy trading!
FxPocket
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