IkanBilisCapital

GBPJPY to find short/medium term momentum to the upside

Long
FX:GBPJPY   British Pound / Japanese Yen
We predicted that the downside prediction will play out this week and caught over 300 pips to the downside. We should continue to see choppy price movements. There are some juicy trades to the upside and down but the medium term bias is to the downside, we should be surprised to see price wick up to liquidate some shorts before finding its way back down to liquidate the more juicy longs at around the 149.00 levels.

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