Mar 132023

The case of a bearish GBPJPY is now confirmed with the break of today’s low of 161.40. Bulls tried to break above 163.00 towards the start of London Session, but failed. I marked the double yellow dot. This area is line in the sand to determine if last Friday’s move is still supported by the bears.

GBPJPY, 23-03-13, London Session by traderh on

I was able to take out my position with almost 40-pips gain.


Trader H

TraderH is a foreign currencies trader and a former Certified Securities Representative in the Philippine equities market. All posts herein are personal views and are not endorsed by any organization whatsoever. It is important that you practice due diligence in your trade plans. This website and its authors will not be held responsible nor liable to any of the reader's losses.