GBPJPY is now approaching the levels not seen since 2009 and 2012. First of those major levels is 122.40, the second is perhaps the most important one as its the bottom of the 2009 crisis at 119.32. The last support being at 117.14.
A lot of people are undecided right now if they want the GBP to get stronger or weaker. Nobody knows anything however I do feel price might have a slight bounce here, and if it keeps going down I think we will get to the 120.00. I will take a small buy position now and another lower down if we get there.
Use low leverage and a low percentage of your account.
A lot of people are undecided right now if they want the GBP to get stronger or weaker. Nobody knows anything however I do feel price might have a slight bounce here, and if it keeps going down I think we will get to the 120.00. I will take a small buy position now and another lower down if we get there.
Use low leverage and a low percentage of your account.
