???A glass is half empty half full???

FX:GBPJPY   British Pound / Japanese Yen
84 0 5
So the recently downtrend in GBP pairs has began a retracement, an expected behavior after a heavy move.

The question is where next for GBPJPY             . Well, the JPY has become a safe haven and consequently is used when times of risk are high, which currently is at med-High as we speak. The recent economic events point to a slow down in UK's growth and therefore we can expect further downside moves in all GBP pairs.

Looking at GBPJPY             , a trendline on the eight hour timeframe has formed and we have missed pivots either side. The monthly pivots tend to be magnets for a currencies so I would expect a near retracement to it before resuming southwards.

For more information on setups, follow me on here, twitter account (@evanthebanana) or at http://www.ejfxtrading.com
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out