GBPJPY Price Action – Buy Setup Profits +300 Pips | Nov 11
GBPJPY – Buy Setup @ Support Zone Hits Target for +300 Pips (4hr chart)
A few days ago in the members trade setups commentary, we suggested buying in the support zone between 181.24 and 180.70. Shortly after, the pair pulled into this key support zone, then launched higher never penetrating deeply.
Since then, the pair shot up towards the yearly highs and target at 184.30 today, pulling in +300 pips in profit. Any of you who traded this would have profited nicely, potentially up to +6R.
For now, support comes in at the yearly highs (although a bit precariously) and 182.30/50. Only a daily close below 181 would turn the ST picture bearish. For now, 185 and 189 are on deck.
Also in our daily trade setups commentary, we cover the AUDUSD, NZDUSD, USDJPY, EURJPY, & WTI Crude Oil. Click here to become a member.
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