GBP/JPY Looking for a BUY, but so far NEUTRAL!
Hey guys!
Here is a nice set up on GJ. Currently the market is in a 30 pip range and is pushing towards a resistance area and testing the previous high identified on the 1H chart. I want to see a break of this resistance area and then target the high that is identified on the 4H chart which is also a very strong area of resistance. This trade all depends on whether the market rejects the 1H resistance or whether it pushes through and gives me an opportunity to BUY!
Please feel free to like this post if you agree with the set up and share your thoughts in the comments section!
Here is a nice set up on GJ. Currently the market is in a 30 pip range and is pushing towards a resistance area and testing the previous high identified on the 1H chart. I want to see a break of this resistance area and then target the high that is identified on the 4H chart which is also a very strong area of resistance. This trade all depends on whether the market rejects the 1H resistance or whether it pushes through and gives me an opportunity to BUY!
Please feel free to like this post if you agree with the set up and share your thoughts in the comments section!