AdamChomba

GBPJPY Erratic Drop Explained

OANDA:GBPJPY   British Pound / Japanese Yen
For those of us that were caught by suprise on the GBPJPY 600 pip Drop, the reason is as shown.
The Market broke out of a weekly Channel. This really makes things Clear to traders who think the market was manipulated and all other excuses on fundamentals.
For A technical trader, it all makes sense.

Lets always have a Wholesome view of the Market.

#Discipline
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.