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Gbpjpyforecast

Will JPY continue its run?Hi Traders, JPY pairs strengthened last week and price action is showing us that we can get another push down. Price has been moving within an ascending channel which we had a double top pushing price to the lower boundary on Friday. If we get an impulse breakout with a LTF correction, this will validate another entry for a sell position. Be patient with your entry and ensure all of your rules are met. Comment below and share your view on this pair! Support me by clicking the like button if this helps you. Good luck!
Short
by ktlfx
GBPJPY False Break?currently GBPJPY is trying to form a bullish movement. But I see movement rather than bullish while GBPJPY is not so good from a price action point of view. Then I found that there are 2 Fibbonaci areas, namely 50.0 Internal Retrachment and 1.618 external retracement meeting a minor resistance at 155.414. My assumption is if the price is not able to penetrate the area and false break. Possibly the price will move bearish again to touch the strong support area at 153.138. Note : The market will always change, I'm just sharing my view on the possibility the market will go away. If you have a different perspective from your analysis view, let me know in the comments.
by ivanderyoshua