Here's my thought on this week. Happy Trading!
I have a strong reason to believe that GBPJPY will look to sell. If you take a look at USOIL, you can see that it has reached a heavy support area looking to sell as well. So that being said, we should look to see JPY gain strength for the rest of January. Happy trading my friends!
I have a strong reason to believe that GBPUSD will look to sell. If you take a look at USOIL, you can see that it has reached a heavy support area looking to sell as well. So that being said, we should look to see USD gain strength for the rest of January. Happy trading my friends!
GBPJPY should look to be bearish all this month, then go into January with GBP taking control.
Price is looking very nice for this week and next week!
Price has been overbought this week, which will lead price to sell. Im speculating a two to three week sell off. Happy Trading!
I will be looking for price to fall this week and next week tremendously. However, price is likely to shoot back up after its bearish closing. This will likely place us in a bullish market come December.
These last few weeks had me very confused on the overall direction of things, but I'm certain Gbpjpy should sell off the first three weeks of November for sure.
Watch for price to go long this evening and continue to hold that position! The Great Reset will bring great strength to the GBP. History always repeats itself. Lets get these pips ;)
Next week should look to bring a strong bullish presence. This will cause price to shoot up drastically, then look to sell off within the following weeks. This is my theory, lets hope it plays out perfect. Happy Trading!