I BELIEVE THAT PRICE FOR GBPJPY MAY LOOK LIKE IT IS MOVING SLOW BUT IT IS CREEPING ON A BIG BEAR RUN. THE FACT IT CANNON GET PAST THE DOTTED (WITHOUT THE ASSISTANCE OF NEWS) I STRONGLY FEEL LIKE THIS PAIR WILL HAVE A NICE BULL RUN.
This pair is gonna be a easy pair to trade. The setup is fairly simple if you honestly look at it. I feel as if it would go short for a short time. Once again once it cross over to the dark side I feel like it will cont. bullish
Looking at AUDUSD I see that it broke out of the bearish channel to create a new high. which is exciting for us be have the opportunity to get in early for a long run. With this past week news effecting all USD pairs we can see some strange corrections but if price manage to slither its way down to my buy zone believe me when I say I'll be buying my way up.