Chathifriends

GBP JPY My Long Story Update

Long
OANDA:GBPJPY   British Pound / Japanese Yen
Although a strong bias of shorts for this pair. I am going against the majority. I believe that this pair will rise as the Yen does not do well during wars. Additionally we can see a strong rejection wicks which is an indicator of a buy. Head and shoulder pattern has failed as well. Now we are in a consolidation phase and i believe will move towards a higher high. Sooner than later.

PS. I suggest not to use tradingview chat. Lots of bad info there. Follow your own strategy and dont confuse yourself by going to chat just to listen to people who have zero knowledge. Well some of them are good, but the numbers are so little its impossible to filter. You have been warned.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.