Tuesday, 5 July 2016

GBPJPY Weekly Update

GBPYJPY found it difficult breaking either the high or the low of the Brexit week. It finally ended as a doji on the weekly time frame. There were clusters of inside bars on the daily and 4hr time frame, which suggests it might still go down.

As a result, I'm selling GBPJPY at 135.20 with 400pips stop loss and 800/1200 pips take profit.

Below is the picture of my chart


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