GBPJPY, playing with fire, psychological point of view.

British Pound / Japanese Yen (OANDA:GBPJPY)

Updated

OANDA:GBPJPY British Pound / Japanese Yen

Beyond Technical Analysis Chart Patterns

So I would really like to see hope for GBPxxx pairs, but from my point of view people will buy it only to induce hiperselling in multiresistance zone or people will think why to buy it at all just sell it (red arrow),
In overall I am neutral with possible short entry after jump from weak resistance.

Comment:

sorry.. weak support.

Comment:

gbpjpy just passed our red line, and now is heading towards it only to hit the target at 139.425 I am shorting ...

Comment:

well played ... :)

Comment:

yeah

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