Dear traders,
as you can see GBPJPY gained 1000+pips in two weeks and now at 188 it has been printing bearish tails for 3 days.
My guess is that GBPJPY has to go down to 185/186 to find new buyers and try to break above 188 later.
Right now I am seeling for a quick profit, then I will be buyer again at a bullish daily sign at support.
Cheers
Riccardo
as you can see GBPJPY gained 1000+pips in two weeks and now at 188 it has been printing bearish tails for 3 days.
My guess is that GBPJPY has to go down to 185/186 to find new buyers and try to break above 188 later.
Right now I am seeling for a quick profit, then I will be buyer again at a bullish daily sign at support.
Cheers
Riccardo