g2rafael

GBP JPY 4H LOOKS LIKE 2 POSSIBILITIES BEFORE GBP NEWS

FX:GBPJPY   British Pound / Japanese Yen
THE MARKET ON 4H DOES NOT LOOK CLEAR AT THE MOMENT WITH 2 POSSIBILITIES.

ONE CAN BE MORE UPSIDE AND THEN SHARP FALL AND 2ND SCENARIO IS TO MOVE DOWN IN A CHOPPY STRUCTURE.

iT WILL DEPEND ON HOW THE GBP NEWS TODAY AND TOMORROW AFTER BAILEY'S SPEECH PLAY OUT FROM MARKET MAKERS.

ONLY INTENTED FOR EDUCATIONAL PUPROSES.

Comments

M, W, D, H4 is bullish. News will be bad for USD. Sending the pound higher. 156 then to 157.. 160 is a target this summer. Be careful
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