Olu

GbpJpy: One Of The Possibilities

Long
Olu Updated   
FX:GBPJPY   British Pound / Japanese Yen
Comments on the chart
Comment:
Price initially fell today but recovered by the 'close' keeping the idea in play. The stock market closed strong today. This 'risk on' environment favors a rise in the UsdJpy which in turn could move the xxxJpy pairs up
Comment:
Price retreated today as thee JPY strength was overwhelming. The idea is still on. Only just. A breakdown below the lower border of the structure around 147.65 is not good. This pair is really oversold
Comment:
We have upside breakout...
Comment:
We are now playing with double top issues here. While I am looking for more upside I decided to cut and run. Idea has played out well
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