GBPJPY is in a nice Bear trend mainly driven by the brexit issue. In the coming weeks I expect some increased volatility on GBP pairs and I expect this will lead to a drop in price for this pair.
A h&S pattern has emerged on the 4HR timeframe and if obeyed would see price fall to around the 148-150 area. Place sells under the neckline and take profit at 149 to be safe.
For more information and trade setups follow me here, on twitter or sign up to my website in development: www.ejfxtrading.com
A h&S pattern has emerged on the 4HR timeframe and if obeyed would see price fall to around the 148-150 area. Place sells under the neckline and take profit at 149 to be safe.
For more information and trade setups follow me here, on twitter or sign up to my website in development: www.ejfxtrading.com