Very interesting area for GBPJPY ~

FX:GBPJPY   British Pound / Japanese Yen
64 12 3
Very interesting area for GBPJPY             ~

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looking at previous neckline ^_^
Now it is below 189.7
I'm shorting because of this FXY made all time low and this smells like hike rate of the BOJ.
alex.a Yahia.Awes
Then why did you choose particularly GBPJPY?
Because GBPJPY rallied too much due to elections, I think this is not a valid reason for it. Also it made a double top.
I don't see the divergence, but I agree shorting it for retracement here.
alex.a Yahia.Awes
What I do believe is what I see at monthly. GBPJPY is in the zone and GBP is way hiked by election, as we all know. The election bubble must be quenched because it is not about financial data basis. That amount, I speculate GBP should be weaker ~ The Top of the zone has been drawn incorrectly but the bottom of the zone is drawn correctly around 180-ish ~ it will be flunctuated up and down up and down. The 2nd Last time about 2 years GBPJPY was in this zone. The first was 2008.
It broke your trendline.
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