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GBPJPY Trade Setup (Dec 7)

Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-12-07_17-43-53-GJ-1

GBPJPY pair has dropped also during Asian hours today.

I am thinking that this pair is now in the range bound (184.00 – 186.50).

Thus if you want to play RangeBound, you could sell this pair until 184.00

 

However, if you are still bull, you may want to watch the price action around 184.40-184.50 (Fib 38.2% + WPP).  You may find the Buy opportunity.

But if that doesn’t work out, I will strongly expect the price will go down to 184.00.

2015-12-07_17-43-53-GJ-1

 

We may have to wait for another couple of days, until we can be Bull (until the price goes up the cloud on Daily Ichimoku)

 

 

YJ Baik – Forex.Today @ Tokyo

 

One comment on “GBPJPY Trade Setup (Dec 7)”

  1. Profile photo of Artem
        December 7, 2015

    Thank you YJ

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