GBP/JPY Falling; Where Next?

20 Kas 2023

GBPJPY alike many other JPY pairs is retracing on short falls and a change in market mood.

Key areas of support exist lower (visible on higher TF's as shown) but will require a continued downside movement.

This is what to expect after such a long rally.

20 Kas 2023

Not

Lock in short gains, exit on local W support. Minor longs applicable.

21 Kas 2023

Not

Minor long entries approach.

22 Kas 2023

Not

Exit for gains.

23 Kas 2023

Not

Looking for minor scalp longs.

23 Kas 2023

Not

Exit longs for gains.

24 Kas 2023

Not

Re shorts applicable.

25 Kas 2023

Not

Be careful buying and selling GBP if trading GJ

27 Kas 2023

Not

Exit shorts for gains.

7 Ara 2023

Not

Looking for long entries.

7 Ara 2023

Not

Exit for gains on longside.

10 Ara 2023

Not

Same bias across board. Light shorts.

11 Ara 2023

Not

Continued into this week alongside other yens.

12 Ara 2023

Not

Out all shorts for gains. Room to fall.

4 Oca 2024

Not

Re shorts available.