TECHNICAL ANALYSIS: GBPJPY feels good to be take a long swing position. However, due to bearish momentum, I am currently expecting some sort of high market movement when price reaches 131.894. If support level (131.894) holds, we may see upside movement from the GBPYJPY.
CURRENT SITUATION: With all that that have been going on in the UK, money printing, lockdown, economy recession due to the coronavirus, I am watching the chart closely to support my analysis. Anytime the market shows setup invalidation, this analysis will not be correct anymore.
*Please note that I am no professional trader, like most of you people. I am still learning and know that trading is only a possibility game. My analysis does not mean it is a signal for entry. If you would like to enter with my analysis, please see if it matches with your analysis & thoughts. I will not be liable for any losses incurred :D *