GBPJPY= Accumulation Phase @ 149.00-147.450
Price : 149.00 - 147.450
Price Action : Accumulation phase, stuck in a range since late September.
Indicator : Rob Booker's KD painted last month. Price havent continued gone up but not down either, sideways.
Looking Ahead: whilst GBPJPY is an attractive pair to catch big trends, Yen yo-yo effect so far in the last few weeks make GBPJPY isnt exactly the best pair to trade both in isolation or tagged with Brexit development. However, if there are a risk-off market condition AND bad Brexit news confluence each other, I expect the whole month of October, the GBPJPY theme is the bearish (red arrow)
Potential Targets : All the pink lines *(boomerang levels)
Price Action : Accumulation phase, stuck in a range since late September.
Indicator : Rob Booker's KD painted last month. Price havent continued gone up but not down either, sideways.
Looking Ahead: whilst GBPJPY is an attractive pair to catch big trends, Yen yo-yo effect so far in the last few weeks make GBPJPY isnt exactly the best pair to trade both in isolation or tagged with Brexit development. However, if there are a risk-off market condition AND bad Brexit news confluence each other, I expect the whole month of October, the GBPJPY theme is the bearish (red arrow)
Potential Targets : All the pink lines *(boomerang levels)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.