is getting setup to buy. we have a slight breakout and retest of the tremdline formed in april that chances are will not hold as those who trade this pair know it has swithed over into a bull market and know it is a major fakout market as well. gbpjpy
is very good at finding support/resistance
at psicological numbers and it seems the psicological support we are at now is 154.000. i will patiently wait for prices to retrace one more time to pick up more buyers and possibly put off a double bottom
before shkyrocketing up to show its new trend. ideally we want to see some sort of bullish
signal at the 154.000 area since market has failed to put one off last time it was down there. major pips are about to be moved!
is just stalling us and retesting daily support haha :)