In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we will be looking very carefully for a sell opportunity in GBPJPY.
Potential concerns regarding the US administration imposing tariffs on Chinese goods is a concern for the markets. As a result, we are likely to see continued JPY strength. That is, until such time that a deal can be reached between the two economic powerhouses.
So, as we look at the charts, we are interested in selling but only below yesterday’s low of 143.00. Overall, this has the potential to be a strong level of support. However, do not let this market pull back too much above 143.00 if we do get our breakout lower.
Sell Opportunity in GBPJPY – Full Video Analysis
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