T.G.I.F Traders,
Another beautiful weekend is just around the corner. Can’t wait to continue watching The Game of Thrones season. My target is to finish it before the next season is out…
Don’t mind me, sometimes, I am that jobless folk.
So, what are your plans for the weekend?
Well, you can share what your activities would be like in the comment below, I would love to know.
That said, let’s see what’s popping on our charts…
1. GBP/JPY
Price on the GBP/JPY pair has broken a key support level (145.151)
The trendline that was broken, stood strong for over 2 months. This breakout may encourage the Bears to pull price to the next possible support level (139.874).
That said, let’s not carry these lofty ambitions and drag our TP to the support level I just mentioned. Don’t forget it’s FRIDAY.
Price making over +480 pips within 24 hours may likely not happen. If it does happen however, then we are lucky.
So, ensure if you taking this trade, your TP is modest and if you get to make a few dough, run away with it, Fridays market could be UNFORGIVING to the greedy.
What is your analysis on this pair?
Alrightyyy…, we are done for the week, and before I wish you a grand weekend, kindly subscribe to our blog if you are new, and spread our work among your pip loving community.
See you guys on Sunday for the week’s analysis
