FX_Rhapsody

GBPJPY Breakdown Analysis

Short
FX:GBPJPY   British Pound / Japanese Yen
A Huge Bullish run from the Pound against the Yen. COT Reports shows a big amount of short being placed in the market, weakening the Yen even more. Will the Bullish run carry on through the last half of this month or will we see a retracement back down. Drilling down to the lower timeframes might give you a nice short opportunity for either a short retracement back to the resistance area or even a deeper retracement.
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