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Paun British / Yen Jepun (FX:GBPJPY)  
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Trend Analysis Beyond Technical Analysis basanem USDJPY
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trendanalysis beyondta basanem usdjpy

We have had a breakout of the downward trend on the weekly.

Price then proceeded to retest the breakout and headed up for a double top

Ideas entry for a short would have been at 146.982 with SL at 147.250 with TP at 145.785(4.75 RR) and TP 2 at 145.200(1:7 RR)


We may have missed that entry but we can look for buys if bounces of demand zones at 145.785. We will then look for the below setup:
Buy limit at 145.785 with TP1 @ 146.725 and SL @ 145.522 (1:4.5RR) TP@ 146.878


If demand does not hold we will look at another but entry at 145.015 with SL @ 144.740 and TP 146.878
Komen:
DEMAND ZONE HELD, HOPE YOU GOT YOUR BUYS IN.
Komen:
DONE AND DUSTED
Penafian

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