OANDA:GBPJPY   British Pound / Japanese Yen
The Brexit agreement created a lot of optimism for the pound which impacted the sentiment and introduced retail buyers into the market.

If you pay close attention, you will notice that two sets of liquidity have now been purged, potentially giving the banks enough volume to create the next upside move.

The first liquidity hunt was the push past resistance hunting sellers, then we had a push below resistance hunting break and re-test buyers.

Hopefully that will be enough manipulation for us to get a good opportunity next week to push the pound into the 142.500 region.


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Comments

Do you think gbp is going to be strong after brexit
+1 Reply
AlkalineFX hakeem123ola
@hakeem123ola, Only for a short period of time but yes
Reply