British Pound / Japanese YenUpdated The next leg down in GBPJPY
I hope you remember my previous analysis in GBPJPY about selling between 133.45-133.65. That trade would have helped you gain 100+ pips if you followed. This is the previous chart. Have a look at this.
Now, I expect GBPJPY to continue the recent downtrend. The price is getting rejected repeatedly at the 100H EMA. So, I am expecting a drop to 132 and even 130.60 in the coming weeks.
Now, I expect GBPJPY to continue the recent downtrend. The price is getting rejected repeatedly at the 100H EMA. So, I am expecting a drop to 132 and even 130.60 in the coming weeks.
Note
And that's 50+ pip drop from the moment I posted it. Hope you caught some pips
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