GBPJPY Bearish Continuation Trade Update

FX:GBPJPY   British Pound / Japanese Yen
496 0 16
So as expected we had a bounce yesterday as we would have seen profit takers and counter trend traders buying up this pair but now we have a clear beak down as predicted.

We can now look for that pullback into previous support which should provide resistance.

Many of you asking why i wasn't looking to buy instead. The simple answer is 1) I would not have looked for a bullish opportunity in a bearish market. 2) I always want to wait for market to come to me where i know i have a high probability of being right. Not only that, but i gain much more when i am right than when i am wrong.

If you are interested in this type of analysis and REALLY want to take your trading to the next level, why not come into our trading room for a FREE week?

One of our clients wrote to us yesterday - See this link https://t.co/tOkDcRGYKw

Good luck in the markets this week.

See you in the live room later this morning!


EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out