Jatin18

Jatin18

With the recent rallies over the JPY Paris, there is a likely possibility of big pull backs and maybe even reversals. With GBPJPY , we have had a sharp decline to the 160 levels when this pair peaked at 168.00. If you also switch the weekly time frame, there has been 2 nice big wick formations on the 167.00 level indicating some great momentum to the...

Jatin18

With the recent rallies over the JPY Paris, there is a likely possibility of big pull backs and maybe even reversals. With GBPJPY, we have had a sharp decline to the 160 levels when this pair peaked at 168.00. If you also switch the weekly time frame, there has been 2 nice big wick formations on the 167.00 level indicating some great momentum to the downside....

Jatin18

As you can see, price has broken key trend lines & support levels indicating a strong push to the downside. This is expected after a big rally that has taken place with GBP/USD Price is currently reacting of off previous key levels by shown by the clear re-testing. TP is shown below, let me know what you think!