GBPJPY 4H chart is below, you can see, that I need your ideas on this pair, whether it is going to go up or down, your ideas would be appreciated.
It has already started its bullish movement and the momentum is with bulls, yet I would say a way safer target would be 185.790. I would place my first TP there.
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What are the chances of the BoJ stepping in, as so often, to influence the Yen value?
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Target : 186.500 (should arrive, as to when i do not know)
Cut loss : 180.500 (should not breach before arriving at 186.500)
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That would be great to have partial take-profit levels, I appreciate your point of view.
Your target make sense, I will definitely consider this level.
Thanks for your views on this!
is this about Fundamental news? I did not consider this.
The Bank of Japan intervenes in its nation’s currency market far more often and eagerly, as a matter of policy, than any other country’s equivalent institution, and has done so once recently.
Just something to be aware of when trading Yen pairs.
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