Hey Everyone, In our previous analysis we tried to BUY GBPJPY but got Stopped out because of this ginormous drop, and Now it's perfectly Oversold on Daily chart, GBPJPY - BUY NOW STOP LOSS - 139.483 TARGET1 - 146.080 TARGET2 - 148.942
More updates will be posted under this thread, have any doubts? then, let us know in the comment section below and make sure to give this analysis a Thumbs UP +_+
Trade closed: target reached
⋅
UPDATE GBPJPY - BOOK (+170 PIPS) of Profit!
Trade closed: target reached
⋅
UPDATE GBPJPY - Close TP2 Now with (+180 PIPS) of Profit!
Hi Bloom, Appreciate your work! A question i was wondering is how can we be buying GBP/JPY and selling GBP/NZD? This may be a simple question but as there is crossover in the currency we are buying/selling would they not have some sort of relationship/connection when it comes to overall trend movements? Hence one would partially cancel out the other?
Thank you again for your great work!
BloomFisher
⋅
@stocko1, Hi Interesting question, First thing first this week NZD Dropped massively after Interest rate decisions making GBPNZD Overbought without any actual concern which means it will correct it self by going down whereas JPY Strengthen insanely making GBPJPY getting Oversold at this point it needs a little correction which means it will correct it self by going up!
whereas GBP is mainly used for correlative purposes!