Hi there,
I believe there is a very good chance that GBPJPY will retrace back before it makes new highs. And there is no better place than 148.00 level. On higher time frame there is a clear test seen and I expect same level will be tested for the correct trend development. So the game plan is either sell GBP from this point or wait till it is tested . I say lets do both :) Well this is not an investment advice so I am just saying what I will do. Hope it helps
Happy trading to you all..
I believe there is a very good chance that GBPJPY will retrace back before it makes new highs. And there is no better place than 148.00 level. On higher time frame there is a clear test seen and I expect same level will be tested for the correct trend development. So the game plan is either sell GBP from this point or wait till it is tested . I say lets do both :) Well this is not an investment advice so I am just saying what I will do. Hope it helps
Happy trading to you all..