GBPJPY Trade Idea (20th January 2020)

Currency Pair: GBPJPY
Timeframe: H1
Date/Time of Signal: 20th January 2020 / 1530hrs (SGT)

Review:

GBPJPY has bounce off the Resistance level of 144.50 and have been trending lower after the release of a poor UK retail sales m/m data last Friday (17th January 2020).

Trade signaled to sell GBPJPY (Entry: 143.05) with 3 Take Profit (TP) Targets (TP1: 142.85, TP2: 142.65, TP3: 142.45) and Stop Loss (SL) at 143.35.