Reigners view on GBPJPY
GBPJPY anticipated movement
As we can see that GBPJPY has been on a bullish channel for a long time,Judging from the aggressive movement to the downside lately looks like the long term bulls are exhausted and we are preparing for a bearish market but that can only be confirmed once there's a new lower higher has been formed (correction to the upside) before we get an impulsive move to the downside.
-RFX
As we can see that GBPJPY has been on a bullish channel for a long time,Judging from the aggressive movement to the downside lately looks like the long term bulls are exhausted and we are preparing for a bearish market but that can only be confirmed once there's a new lower higher has been formed (correction to the upside) before we get an impulsive move to the downside.
-RFX
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