Greetings Traders !
Our view of GBPJPY
Price broke out of prior months channel formation
Possible retest-of channel and if 137.700 holds
Expect higher highs to139.300 resistance zone and above
Otherwise, with economic fundamentals, brexit, stimulus, if chart respects bearish butterfly formation pattern, etc.
We could see a bearish move to 136.500 zone as our target. A break from there can bring 131 levels...
Feel free to comment and share or like :-).
Happy Trading
Stay safe!
The Trading Regime.
Our view of GBPJPY
Price broke out of prior months channel formation
Possible retest-of channel and if 137.700 holds
Expect higher highs to139.300 resistance zone and above
Otherwise, with economic fundamentals, brexit, stimulus, if chart respects bearish butterfly formation pattern, etc.
We could see a bearish move to 136.500 zone as our target. A break from there can bring 131 levels...
Feel free to comment and share or like :-).
Happy Trading
Stay safe!
The Trading Regime.