GBPJPY - POTENTIAL LONG POSITION ENTRY

17 thg 11, 2020

Hello Guys, this is my analysis on GBPJPY for this week. It seems like the price will continue its bullishness in the meantime. Based on the candle closed on Weekly timeframe I can conclude that, It is a strong bullish candle for this pair but we need to see a clean break at 138.35 to go further. So, the trade idea is you can BUY NOW or wait a bit retracement in the support zone or you can wait for the breakout in 138.35 to put your long entry position. 139.85 is quite relevant for me to mark as your take profit point. Good luck!


Trade Idea : Long
Price : Buy NOW or Buy Limit
Take Profit : 139.85 - 140.00
Stop Loss : 35 - 40 Pips


Disclaimer!
This analysis does not give traders any confirmation on trading execution! It is for educational purposes only. You can refer this analysis and outlook for trading idea but trade at your own risk and trust your analysis first! Thank you and good luck for everyone!