GBPJPY might be forming a bullish flag pattern
Watching right now, thought i share this one with you all.
I am waiting for a clear breakout bar, and with it clear fundamental reasons to buy the pound.
Price might stay for a little longer in this range until it makes up its mind.
You can also crossanalyse all GBP pairs, and you will see some sort of similar consolidation pattern, that suggests a possible GBP upburst, but its not fix until we can make a clear break with fundamentals lining up.
I am waiting for a clear breakout bar, and with it clear fundamental reasons to buy the pound.
Price might stay for a little longer in this range until it makes up its mind.
You can also crossanalyse all GBP pairs, and you will see some sort of similar consolidation pattern, that suggests a possible GBP upburst, but its not fix until we can make a clear break with fundamentals lining up.
Comment:
Finding it quite difficult to find decent trades this week. Gotta stay patient.
