GBPJPY 1M & 4H:
All key horizontal structure levels are marked out on the 4H time-frame chart. We will use these levels for intra-day trading throughout the week. Wait for rejections before entering sells. Our target is the monthly strong support level @ 129.200.
Fundamentals to look out for this week:
1) UK and Japan Corona News Headlines
2) U.K. Gross Domestic Product (GDP) @ Wednesday, May 13th 2020, 9:00 AM GMT +3:00
3) U.K. Manufacturing Production MoM @ Wednesday, May 13th 2020, 9:00 AM GMT +3:00
Risk ONLY: 2-3%
Good Luck
All key horizontal structure levels are marked out on the 4H time-frame chart. We will use these levels for intra-day trading throughout the week. Wait for rejections before entering sells. Our target is the monthly strong support level @ 129.200.
Fundamentals to look out for this week:
1) UK and Japan Corona News Headlines
2) U.K. Gross Domestic Product (GDP) @ Wednesday, May 13th 2020, 9:00 AM GMT +3:00
3) U.K. Manufacturing Production MoM @ Wednesday, May 13th 2020, 9:00 AM GMT +3:00
Risk ONLY: 2-3%
Good Luck