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ztokar
Jun 8, 2016 2:35 AM

GBP.JPY Long bottom of range Long

British Pound/Japanese YenFXCM

Description

Looking to get long towards at the bottom, looks like a false break, stop loss under 155, and take profit close to 163

Comment

Based on what I see in the daily charts, we are in the beginning of a change of trend in the yen, there have been false breaks followed by counter-trend impulsive, volatile corrective structure developing, it might take a few more weeks/months but I am expecting the end of the yen monster. Ditto for dollar
Comments
ztokar
Based on what I see in the daily charts, we are in the beginning of a change of trend in the yen, there have been false breaks followed by counter-trend impulsive, volatile corrective structure developing, it might take a few more weeks/months but I am expecting the end of the yen monster. Ditto for dollar
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