GBPJPY Down? - (Update)
GBPJPY. Potential short opportunity.
This is an update on the previous analysis we have posted.
We have been waiting on the break of our 192.000 level since our yesterday’s analysis.
We believe that GBPJPY will continue to the downside after coming down to our PBA 2 (Pull Back Area) and breaking it (192.000). Our entry is sitting at the break at 192.000. Breaking our PBA 1 at 190.000 would be confirming our sells and possible lower lows. Our SL (Stop Loss) is sitting slightly above PBA 2 at 193.590. Our TP (Take Profit) is at 188.055.
PARAMETERS
- Entry: 192.000
- SL: 193.590
- TP: 188.055
KEY NOTES
- GBPJPY has broken below our PBA 2.
- Break below 190.000 would confirm our sells
- Break above our SL would result in higher highs and invalidate the trade idea.
Happy trading!
FxPocket
This is an update on the previous analysis we have posted.
We have been waiting on the break of our 192.000 level since our yesterday’s analysis.
We believe that GBPJPY will continue to the downside after coming down to our PBA 2 (Pull Back Area) and breaking it (192.000). Our entry is sitting at the break at 192.000. Breaking our PBA 1 at 190.000 would be confirming our sells and possible lower lows. Our SL (Stop Loss) is sitting slightly above PBA 2 at 193.590. Our TP (Take Profit) is at 188.055.
PARAMETERS
- Entry: 192.000
- SL: 193.590
- TP: 188.055
KEY NOTES
- GBPJPY has broken below our PBA 2.
- Break below 190.000 would confirm our sells
- Break above our SL would result in higher highs and invalidate the trade idea.
Happy trading!
FxPocket
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