Greetings Forexia Family, lets analyze GBPJPY.
Based on how price is acting on the zone we can see that it has tapped more than 3 times which validates the trade that there are lots of buyers. I believe price might drop to 154.000 where it might trap sellers before going up.
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