gpjpyTrading Outlook

Gbpjpy: daily trading levles

Firstly we put reference in context of yestday’s trading though it has downward momentum yesterday, however, today’s we may see this pair will go on the upside for today

Therefore we are in viwing of having buying for today

Preference!

Keeping in view today’s dominate trend we intend to buy the pair from 143.45 with the target of 144.10&144.27 whereas stop loss would be around 143.19

Alternative scenario!

Lastly, if we broke out 143.19 we may see pair further on the downside towards 143.06&142.90

Keep tightening stop loss!

Therefore stop-loss in this trade is a must.

Keeping in viewing the bargain hunter’s approach could be turned around.

Have nice trading ahead!