Hi traders,
today i want to share with you some of my daily analysis on pound/yen.
As you can see in the chart the trend has been clearly bearish for the recent past. After the break of the level of 130 flat the price is now coming back to retest that level of daily support. Support could become resistance and so we are now in "alert mode" in lower timeframes.
This means that we are going to seek for some reversal signal in order to short the market.
Let's see how it goes.
today i want to share with you some of my daily analysis on pound/yen.
As you can see in the chart the trend has been clearly bearish for the recent past. After the break of the level of 130 flat the price is now coming back to retest that level of daily support. Support could become resistance and so we are now in "alert mode" in lower timeframes.
This means that we are going to seek for some reversal signal in order to short the market.
Let's see how it goes.