GBPJPY has broke the previous support and resistance line and will continue to head further downward.
Do click the like button if you wish to see more charts in the future.
Thanks.
Do click the like button if you wish to see more charts in the future.
Thanks.
Comment:
So far so good, last Friday, it went down to 129.5 and now, it is returning back to 130.06. At the moment, do be patient and wait for the entry point before going short for this pair.
Comment:
Due to the news - BOE cutting interest rates in response to the crisis, the Bank of England has announced a £200bn injection of capital into the market via its quantitative easing programme, as well as cutting bank buffers to free up lending capacity and introducing a scheme to support small business lending - , I was stopped out.
The prices for GBP went all the way up and my technical analysis was negated. However, I will still continue to post my charts in the future. Thanks for all your support.
The prices for GBP went all the way up and my technical analysis was negated. However, I will still continue to post my charts in the future. Thanks for all your support.