SteveNixon

Multi Level Analysis GBPJPY - Brexit Trade opportunity?

FX:GBPJPY   British Pound / Japanese Yen
GJ is currently displaying a double top . Is price going to push on up or start a pullback. Here we look at all aspects of the chart and fundamental news to give us a clue where to look for the trading opportunity and how to take advantage of it.

This is not investment advice.
I'll update this idea as it develops
Remember IF price moves as forecast THEN we trade

Steve Nixon
Trainer & Mentor @logicfxtrading.com
Comment: Could be putting in a C wave
Per my previous comment
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Nice.Thank you for sharing. I wonder if we will ultimately see a push to the downside. That's a pretty key level of resistance, but with Brexit there is no telling.
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SteveNixon mrsceleste
@mrsceleste, Thanks for your comments. Normally I would call a C Wave pullback from this level but given BOJ saying they would resist any strengthening of the Yen and the possibility of a Brexit deal I'm hedging my bets. I'm going to wait for the market to show us which direction it's going to move. We should still be able to find a set up after the initial move
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mrsceleste SteveNixon
@SteveNixon, ok sounds good. Thank you. Good information.
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