TahirKhan
Short

GBPJPY UPDATE....

FX:GBPJPY   British Pound/Japanese Yen

GBPJPY.. Tentative View.. 151.50-7X may provide temp bottom ..


The pair end up bouncing off the weekly minor supp off 151.6X and done a decent retrace so far.

However; I think we just may dip once more and get to post a double bottom formation.
Spotting a possible Bear Flag formation on 15 & 30 mins time frame and we just may top out rt             around to 154 handle for the slide to take it back to testing lows..
Initial resis kick starts off 153.6X but hoping to see it makes it to around 154 handle.. 152.30-4X likely to find bids on the drop now ..

http://i.imgur.com/CH7qsY6.png
GBPJPY             15 mins - Possible Bear Flag

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TahirKhan
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TahirKhan about GBPJPY 8 months ago
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