GBPJPY

30 thg 8, 2020

I believe GBPJPY could face further bullishness this week. We have had a bullish 3 bar play on the weekly chart and in the 4hr chart we continue to see further bullish trend continuations. I think there is a high probability price could continue to meet the 142 price, which would be the point of hitting the long term downtrend and weekly 200ma. Fundamentally the JPY could see some volatility due to the japanese PM Shinzo Abe stepping down, meaning caution should be taken if there is no clear directional confirmation.