GBPJPY Role Reversal Setup Profits +100 Pips | Oct 8th

Verified Profitable Trader

GBPJPY – Sells Off At Breakout Level
In this weeks market commentary, we suggested selling GBPJPY at the key role reversal breakout level of 156.65. Today it literally came a half pip from this level, then sold off communicating offers were waiting at this exact level where savvy price action traders profited nicely. The pair sold off for the next 4 hours and +100 pips, so hopefully you locked in some good profit at this point. For now the pair remains bearish below this level. A break below 155.30 will accelerate losses to 154.50. Only a daily close above 156.65 will change the tune short term.

gbpjpy breakout pullback role reversal setup 2ndskiesforex

Check out our latest article on Set and Forget Trading – How to Really Maximize It

Want More? My private members get all my trade ideas & market commentary 4x per week. Click here to become a member.

Related Article