GBPJPY Trade Idea (3rd Feruray 2020)
Currency Pair: GBPJPY
Timeframe: H1
Date/Time of Signal: 3rd February 2020 / 1600hrs (SGT)
Review:
The Pound recently declined amid fears of hard Brexit (renew fears of no-deal Brexit) while the safe-haven currency such as US Dollar and Yen demand continues due to the Coronavirus.
For the month of January, GBPJPY have been ranging between 141.00 and 1.44.00.
Following the trend, trade signaled to sell GBPJPY (Entry: 142.65) with 3 Take Profit (TP) Targets (TP1: 142.45, TP2: 142.25, TP3: 142.05) and Stop Loss (SL) at 142.95.
Timeframe: H1
Date/Time of Signal: 3rd February 2020 / 1600hrs (SGT)
Review:
The Pound recently declined amid fears of hard Brexit (renew fears of no-deal Brexit) while the safe-haven currency such as US Dollar and Yen demand continues due to the Coronavirus.
For the month of January, GBPJPY have been ranging between 141.00 and 1.44.00.
Following the trend, trade signaled to sell GBPJPY (Entry: 142.65) with 3 Take Profit (TP) Targets (TP1: 142.45, TP2: 142.25, TP3: 142.05) and Stop Loss (SL) at 142.95.