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Sterling/Japanese yen trading signal - GBPJPY
Forex Market Price Signals and Analysis
Good Evening Traders,
At the close of the day on November 7, Lift-Off offers us a LONG trading signal on GBP/JPY.
Below the chart of GBPJPY - with the signal detected by Lift-Off
The currency cross created a bullish candle after a price swng that came to rest on the JPY 166.00 level, former resistance level now turned support, reacting with a candle that crosses the green Lift-Off band
The signal takes into account the weaker sterling versus the JPY against the U.S. dollar.
If you opened the EURJPY signal yesterday, calculate the risk, as the trades are correlated against the Yen.
Signal board of November 07, 2022
LONG - GBP/JPY
Input price: 168.64 JPY (current market price and valid any price even higher)