fundamental :
Both Japanese yen (JPY) and Swiss franc (CHF) are considered safe-haven currencies since there is a lot of uncertainty between Russia and Ukraine.
As a result, a long jpy could be a good option for the time being.
technical level :
gbpjpy failed to make a new high in the previous week, and after several attempts to build momentum failed on a daily basis, as well as the uncertainty between Ukraine and Russia, I'm looking to go long on the yen
with a previous low at 155.306 as a 1ST target and 152.354 is next...
indicator:
Awesome Oscillator shows convergence on weekly and strong divergence on daily and 4 hours.
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
Both Japanese yen (JPY) and Swiss franc (CHF) are considered safe-haven currencies since there is a lot of uncertainty between Russia and Ukraine.
As a result, a long jpy could be a good option for the time being.
technical level :
gbpjpy failed to make a new high in the previous week, and after several attempts to build momentum failed on a daily basis, as well as the uncertainty between Ukraine and Russia, I'm looking to go long on the yen
with a previous low at 155.306 as a 1ST target and 152.354 is next...
indicator:
Awesome Oscillator shows convergence on weekly and strong divergence on daily and 4 hours.
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
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GBPJPY UPDATE
mytw0cents
about GBPJPY
weekly level to watch