Home Forex Market Analysis Forex Signals GBPJPY Breakout Retest Buy

GBPJPY Breakout Retest Buy

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Flow Assessment

Price is in an up-flow and the seller momentum has slowed down.

Location Assessment

Price is at a key buyer area, which is showing reactions.

Momentum Assessment

Price has held near the buyers area and making smaller higher lows, suggesting buildup of positions.

Entry Price – Buy 136.892

Stop Loss – 136.443

Take Profit – 137.357

Risk to Reward – 1:1.04

Profit & Loss Per Standard Lot = -$425/ +$440

Profit & Loss Per Micro Lot = -$42.5/ +$44

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