Greetings Forexia Family, lets analyze GBPJPY.
Overall direction of the pair is bullish from my point of view, as you can see from the post that the market has trapped sellers previous day. Price might drop from the consolidation, trapping more sellers and make the move to the target zone where i believe 158.000. Probably with 30pips SL, this setup might give 90pips making it 1:3 Risk to Reward.
Risk and money management tips
- USE STOPLOSS
- RISK 1% or 2% PER TRADE NO MORE
PLEASE USE THIS ANALYSIS AS A GUIDE TOOL FOR YOUR TRADING AND USE PROPER MONEY MANAGEMENT IN YOUR TRADING