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GBPJPY Trade Setup (Dec 7)

Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today

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.



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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