GBPJPY going Bear (A little correction on my weekend post)

FX:GBPJPY   British Pound / Japanese Yen
104 7 5
As you may see the price reach the resistence zone and now is going down because the oil             price is about to do the same.
Good luck.
Thanks for share .. i think more up .... direction to 164.70 ---> 165.96 -----> Final to : 169.25
Cambista PRO Oualid.Boukouja
It´s difficult....but depends on oil price...
Both import oil ... ???
Cambista PRO Oualid.Boukouja
No my friend.....UK produces oil.....Japan imports only....besides, if you SELL the USDJPY why do you buy GBPJPY ?? It´s a contradiction....they are very similar....
yes logique .. im analyse chart only .. bcs im not read News .. i think all news in chart
Cambista PRO Oualid.Boukouja
I understand....but a trader must read some news....the chart does´t move alone....;-)
I agree, but I will be lying to you if I told you I have not been following the economic news ... It's good to be on a date the time of the powerful news only, which is possible to occur a big noise in the chart ... this kind of news is worth pursuing .. .
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