British Pound / Japanese YenUpdated GBPJPY
As much as I would love to go short on this pair, I feel it is too soon to make that decision. As it stands from my perspective, there are two possibilities and that means until I see a shift in momentum either to the upside above the 185.101 level or downside below the 183.760 level
Note
Trade is setting up nicely. I will wait to see a retest of the just broken zone and rejection of that area to give me a confirmation for the short position.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.