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Hi traders,
Happy new month! I just entered a gbpjpy short entry now. The basis of my entry is that as the market opened gbpjpy jumped and broke below Friday daily candle open. I waited for a retrace to enter a short trade at the 130.90 area. Am expecting the pair to fall down to 130.00 area where my target is located. I expect a lot of bearish movement in the early part of this trading week.
Happy new month! I just entered a gbpjpy short entry now. The basis of my entry is that as the market opened gbpjpy jumped and broke below Friday daily candle open. I waited for a retrace to enter a short trade at the 130.90 area. Am expecting the pair to fall down to 130.00 area where my target is located. I expect a lot of bearish movement in the early part of this trading week.
