FYI YOUR INFORMATION:
Major all time SUPPORT area for this pair is GBPJPY on 1 month chart is around 112.000. PA is now at 127.861. Please look at candlesticks on chart since July of this year. July was a spinning top for month, then August PA did not move much, then September and this month a fair large bearish drop. There is nothing at this time that will be changing this direction. When you look at all time support for pair, this is where GBPJPY is heading this year.
*If price action goes below the all time level of 112.000, then some CATASTROPHIC event would need to happen, to prevent a year end reversal to the bullish side of this pair. I will be to end of year, trading bearish trades. Trade with trend, remember support and resistance levels and do all trades same way. Sound plan is a good one.
Major all time SUPPORT area for this pair is GBPJPY on 1 month chart is around 112.000. PA is now at 127.861. Please look at candlesticks on chart since July of this year. July was a spinning top for month, then August PA did not move much, then September and this month a fair large bearish drop. There is nothing at this time that will be changing this direction. When you look at all time support for pair, this is where GBPJPY is heading this year.
*If price action goes below the all time level of 112.000, then some CATASTROPHIC event would need to happen, to prevent a year end reversal to the bullish side of this pair. I will be to end of year, trading bearish trades. Trade with trend, remember support and resistance levels and do all trades same way. Sound plan is a good one.