Hi guys, the GBPJPY is trying to push higher but can't seem to get above resistance (yet). I will buy after a confirmed break above resistance (I'll use a 15 min candle above to confirm), then wait for a pullback near former resistance/new support.
Option B: If up trending support fails I will open a short position (I'll use a 15 min candle below to confirm), then wait for a pullback near former support/new resistance.
That said, the GBPJPY has backed away from the 141.45 level. That usually means a push higher. For now it's just patience and watching.
Option B: If up trending support fails I will open a short position (I'll use a 15 min candle below to confirm), then wait for a pullback near former support/new resistance.
That said, the GBPJPY has backed away from the 141.45 level. That usually means a push higher. For now it's just patience and watching.
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I'm out with 12 pips. Most of the JPY pairs are starting to roll over.
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Sorry, 32 pips, typo :D