Hello traders! Along with other Yen pairs, GJ was very volatile last
week. However, as we approach the end of the year and the big players
in the market go on their vacations, both volatility and liquidity will
reduce.
Currently, GJ is in a very unpredictable zone. So, the best approach is to
wait for a key level. I am waiting for GJ to reach the 179 level again.
If price reaches the 178-179 zone and retests the support level, I will
think about buying GBPJPY.
week. However, as we approach the end of the year and the big players
in the market go on their vacations, both volatility and liquidity will
reduce.
Currently, GJ is in a very unpredictable zone. So, the best approach is to
wait for a key level. I am waiting for GJ to reach the 179 level again.
If price reaches the 178-179 zone and retests the support level, I will
think about buying GBPJPY.
Comment:
Price moving lower slowly approaching my preferred level
Comment:
Price has reached the buy level and moved exactly how I had predicted two days ago