GBP/JPY SHORT
Updated
- Below Ichimoku Cloud (Checked)
- Strong Resistance @ Fibo 38.2 (Checked)
Short when it dropped below previous resistance & support level (YELLOW AREA BOX)
- Strong Resistance @ Fibo 38.2 (Checked)
Short when it dropped below previous resistance & support level (YELLOW AREA BOX)
Note
- Breakthrough 38.2 (Resistance Broken)- Breaking through Ichimoku cloud (Resistance Broken)
- Going head up to 61.8!
- Based on news, JPY had alot negative forecast (JPY going weaker this week:cnbc.com/video/2020/05/19/economist-expects-slow-recovery-for-japan-economy-in-june.html, and multiple sources; deepening negative interest rate)
- I think as of now, for short term trade. Long GBP/JPY might be a better option!!!
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