Posts Tagged ‘Weekly Pivot’
All pairs fell and recovered very quickly at the open of this week. Keep an eye on GBPJPY, I would look to short at 149.00 if it gets to that price in next 24 hours and shows any sign-off weakness at that point. 149.00 weekly and daily pivot point and therefore a very strong resistance area for next 24 hours at least.
This might turn into a valid trade.
As expected GBPJPY didn’t break 149.00 barely touched it and dropped back 147.50 area. Hope some of you made pips on this setup