The previous forecast was unsuccessful, as bad news came on GBP. The new entrance is the support line + there is another support line nearby (we will put SL below this line).
@yousaf885, this could be a false breakout. The pattern has been uptrend during the Asian market then a retracement I call it when the London session opens. Bad data came into play with the Pound so I don’t see an uptrend when that market opens. Right now it’s buy and sell within the movement in the charts. I’m waiting for a good Bull market to come about to place my buy. Tonight I don’t feel is the night with the sterling under great pressure. Big risk.
vittorio_forex
⋅
@JoeSedona, EXACTLY, but to be honest for now I am still bearish on GBP/JPY, very weak gbp, wouldnt look for a buy position
JoeSedona
⋅
@vittorio_forex, upu are correct. I still haven’t placed my buy. When the time is right I will. Lots of movement I missed out on in the last 12 hours....I’d rather play it safe for now.
Thanks for your response.
Fx-jomic
⋅
well done
sergun1957
⋅
Good luck !
tahmidfoysal06
⋅
Gave a very good idea.
Not everyone has such a beautiful plan. Hopefully that plan in the future
And we will get it