GBPJPY Possible uptrend weakness

British Pound / Japanese Yen (PEPPERSTONE:GBPJPY)

Updated

PEPPERSTONE:GBPJPY British Pound / Japanese Yen

We are seeing some weakness in the GBP at the moment with the momentum channel being broken. We are either going to see an explosive move to the upside if price closes above the next resistance or we might retrace back down to the deficit.

Trade closed: target reached:

We got the explosives' breakout

C Nicholas Downie

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.