GBPJPY Trade Idea (6th March 2020)

Currency Pair: GBPJPY
Timeframe: 15 mins
Date/Time of Signal: 6th March 2020 / 1745hrs (SGT)

Review:

The extension of coronavirus (COVID-19) carnage have kept investors avoiding the risks while keeping safe havens like the Japanese Yen on the platter.

GBPJPY has been on a downtrend and broke the Support level of 137.10.

Following the trend, trade signaled to sell GBPJPY (Entry: 137.00) with 3 Take Profit (TP) Targets (TP1: 136.80, TP2: 136.60, TP3: 136.40) and Stop Loss (SL) at 137.30.