GBPJPY
Hello traders!
During the last few days of the week we were able to see a quite big drop on GJ, as beneath there were massive liquidity zones.
Since the overall trend is still bullish we do expect price to push back up in order to take all the sellers' money by triggering their stop loss.
So our institutional profit level will be the previous formed equal highs at the top of the charts, because as we know equal highs/lows are always run over.
Furthermore on the 23rd of March there will be UK news, which previously performed a +4.7% and its forecasts are up to 4.9% up move.
During the last few days of the week we were able to see a quite big drop on GJ, as beneath there were massive liquidity zones.
Since the overall trend is still bullish we do expect price to push back up in order to take all the sellers' money by triggering their stop loss.
So our institutional profit level will be the previous formed equal highs at the top of the charts, because as we know equal highs/lows are always run over.
Furthermore on the 23rd of March there will be UK news, which previously performed a +4.7% and its forecasts are up to 4.9% up move.
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