Hello Traders,
I'm going short GBPJPY at the ceiling of daily chart and in correlation with other GBP/Majors showing signs of weakness.
GBPJPY daily chart :
Under 145.60 , the pair has the potential to touch 144.50 and will see from there.
Also, the weekly basket indicator, still showing the yen as very overbought. The 20 handle being difficult to sustain I will look closely on the YEN for hundreds of pips of correction.
May the trend be with you all !
I'm going short GBPJPY at the ceiling of daily chart and in correlation with other GBP/Majors showing signs of weakness.
GBPJPY daily chart :
Under 145.60 , the pair has the potential to touch 144.50 and will see from there.
Also, the weekly basket indicator, still showing the yen as very overbought. The 20 handle being difficult to sustain I will look closely on the YEN for hundreds of pips of correction.
May the trend be with you all !