GBPJPY Price Action – Buy Setup Profits Nicely | Nov 24
GBPJPY – Buy Setup Profits Nicely (4hr chart)
In our weekly and daily members trade setups commentary over the last few days, we talked about buying the GBPJPY between 184.40 and 183.30, expecting another run up to the yearly highs at 185.84.
As you can see from the chart below, this is exactly what happened with the pair hitting the yearly highs earlier today, leaving those who traded it with a nice profit.
Based on the current price action and corrective structure near the highs, I’m expecting new yearly highs to be printed this week. Upside targets are 187 and 189. Only a daily close below 183 negates our bullish view ST.
Also in today’s member trade setups commentary, we cover the EURUSD, USDJPY, EURJPY & USDCAD. Click here to become a member.
Here is a video of a live trade setup using the Pyramiding Trading Strategy, profiting +200 pips.
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