OVERALLY EXPECTING GBPJPY TO GO UP BUT BEFORE THAT, RETRACEMENT TO DEMAND AREA IS EXPECTED.
OVERALL I THINK DOWNTREND IS IN OUR FAVOR BUT EXPECTING A RETRACEMENT TO THE SUPPLY AREA CREATING TRIPLE TOP.
I THINK IT WILL BE A GREAT OPPORTUNITY TO GO FOR LONG. HIT THE MIDDLE RESISTANCE BUT WAS REJECTED. BUT ASSUME IT IS A LITTLE RETEST AND WILL GO UP AGAIN.
EXPECTED TO GO DOWN TO 130 THEN GO ALL THE WAY UP TO 140.
THINK THAT IT WILL GO DOWN A BIT MORE THEN TAKE AN UPTREND.