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

British Pound/Japanese YenFXCM

Description

⋅ May 25, 2016 9:49 PM

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.

Comments

WsbGlobalTeam

⋅ May 25, 2016 9:54 PM

Thanks for share .. i think more up .... direction to 164.70 ---> 165.96 -----> Final to : 169.25

Cambista

⋅ May 25, 2016 10:03 PM

It´s difficult....but depends on oil price...

WsbGlobalTeam

⋅ May 25, 2016 10:08 PM

Both import oil ... ???

Cambista

⋅ May 25, 2016 10:13 PM

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....

WsbGlobalTeam

⋅ May 26, 2016 5:47 PM

yes logique .. im analyse chart only .. bcs im not read News .. i think all news in chart

Cambista

⋅ May 27, 2016 1:08 PM

I understand....but a trader must read some news....the chart does´t move alone....;-)

WsbGlobalTeam

⋅ May 27, 2016 4:22 PM

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 .. .