ForceFollower
Long

GBPJPY Possible Resumption of the Up Trend

FX:GBPJPY   British Pound/Japanese Yen
79 2 0
Two things can happen at the trend line: the price will either bounce off of it and continue upward or it will break it, retrace somewhat and the go down again. Anyway I think this market has got more potential to go up than down.
Ryan Tyler
2 years ago
I also would like to see the retracement
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ForceFollower Ryan Tyler
2 years ago
A retracement is OK, as long as in the end it resumes the up trend. One risk factor here is the potential of the yen to strengthen buoyed by the recent rise in inflation (an abenomics ricochet).
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