On 4h chart we can see higher highs and higher lows.

gbpjpy-4h

On Friday we broke previous high, so now I wait for a retest of that blue level and long again. It could be that price will overshoot a bit, so other long option I see at WPP and another one a bit bellow WPP at second blue level.
Manufacturing PMI news from UK today was much better than expected, so GBP should move north in comparison to weaker currencies. Later today in US there is ISM Manufacturing PMI news, tomorrow we have Construction PMI news in UK.

One thought on “GBPJPY trade plan for 02. of November”

  1. Artem says:

    Thank you Igor

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