-Due to JPY weakness, all the JPY pairs have been overvalued and none of them had any strong pullback. What we are expecting and seeing here is that this strong bullish impulse will continue for another two or three weeks or up until NFP news comes out. Investors are clearly dumping JPY due to DXY is more suitable option at current market condition. If STRONG NFP DATA comes out then we may see another strong bullish impulse leading GBPJPY to 179.00-181.00 region.
-There are two opportunities here, first is to buy when we have minor pullback, this 'buy opportunity' in itself will be 400-500 pips move. Secondly if we misses out on buying then we will have 1000-2000 swing selling opportunity. -Please Like and Follow for more.
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Price Momentum has not changed yet, still expect a strong bullish impulse to take price to our desire selling zone.
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440+ PIPS GOING EXTREMELY BULLISH AS JPY IS WEAKNENING DAY BY DAY. PRICE WILL REACH SOON TO OUR AREA OF ENTRY WHICH IS 179.00-181.00
Thanks for the detailed analysis of the potential asset movement, that was very helpful. Very interesting to watch your reasoning on technical analysis.