Good Morning, hope you will be fine, it's almost reached to it's first strong support that's why a big candle has been formed at the H4 time frames my observence says that it is just a retracement it will fell again after this retracement and today there are some important news of GBP that will produce high volatility in this pair so be careful
Good morning everyone thanks for visiting my trading journal and for sharing your market insights. Yesterday i finally opened a sell trade on GBPJPY and get 30 pips profit from it. And today i think i will find another opportunity to sell on GBPJPY again,yesterday i almost thought an up signal will be formed on H4 chart after trade war optimism but it actually end up making a lower move and i end up getting a sell signal on it. And if i look at the chart today,GBPJPY will still try to move lower because on H4 chart it is still showing a down signal but looking at H1 chart it is trying to form an up signal so i will wait for the pull back that might happen first before making a sell trade.
Anyway,good luck with you all,and i hope yo all can make a good profit today.
My Trading Journal:bocahedan's - Trading journal (2)