mgondo

Bears Clocking Out Early for Christmas?

FX:GBPJPY   British Pound / Japanese Yen
My overall bias is that GBPJPY will fall towards the lower levels in search of support. I am looking to see PA carry towards the 140.0 price level.

That being said, i do believe we might be starting to see a change in momentum for this pair on a more short term basis towards the upside. This should become more clearer this week, however the multiple wick rejections at the 142.0 support level for me has me questioning whether the pair will take a rain check on its overall 140.0 target

Only time will tell