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Sell Gold @2617.3-2621.3
Sl :2623.3
Tp1 :2615.8
Tp2 :2613
Enter Slowly-Layer with proper money management
Do not rush your entries
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GBPJPY, 15-minute timeframe chart
GBPJPY retested the support level of 193.550
👉General outlook
GBPJPY has been under selling pressure within the last couple of hours. The pair moved down to the support level of 193.550.
👉Possible scenario
The best way to use this opportunity is to place a Buy order at 193.670.
Set your stop loss at 193.215 below the previous low ($2.96 loss for 0.01 lot) and take profit at 194.125 ($2.96 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.