As the OANDA:USDJPY edges higher, we see this as a temporary correction. And will be looking to sell the OANDA:USDJPY for a big move to the downside. We will look for sell setups when price gets to the 145-147 area.
After a strong push the FX:GBPUSD it looks as tho the bulls have taken control and we are now entering the impulse to the upside. We will be looking for a pull back and then start to accumulate long positions to capitalise on the upward momentum. Again... Be aware that a correction is eminent, and don't be shocked if the FX:GBPUSD begins to pull back. It is...
Possibility we could head even lower under 1.30. Lets keep an eye on this. Looking forward to this downside coming to an end, as the push to the upside will be very impulsive $$$ The lower it goes the better price we have to get into that upside move.
FX:GBPUSD Expecting the GBPUSD to gain strength long-term. Once price reaches demand area (indicated in green), expect and impulse to the up side. We just need to finish the correction to the downside which we are currently trading short.