FUNTRADER-Vera
Long

1611 GBPJPY facing a decision to make

FX:GBPJPY   British Pound / Japanese Yen
Brexit: I am going to see this through, says Theresa May.

This week must be really hard one for Theresa May.
You can get that from this chart.

GBPUSD made a bad week this week and also bad to GBPJPY .
GBPJPY made a daily evening star on 7th Nov and a doji on 14th Nov becoz those Brexit thing.
After all those oppose-Theresa issues removed one by one, Theresa now have more faith to say "I am going to see this through". And GBPUSD might have get some support while same as GBPJPY .

Assuming we are about to see a support signal on the red zone where happen to be a neck position to us.
A support on this area could make an end corrective wave of big wave 3 which make the red channel valid too.
GBPJPY need to pass through 148 first, otherwise a terrible triple top could drag it down to hell.

Less is more!

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