GBPJPY: LONG TRADE SETUP
GBPJPY's corrective recovery from 123 lows extended higher the previous week as the currency ended with some bulls pushing an uptrend in price, GBPJPY seems to have found and created support in the previous week, I expect this trend to continue up until somewhere around 138-140 before we might see some exhaustion.
Could this be a corrective phase for a further downside or the bull market is here ? Time would tell if the resistance level at 147 is broken or rejected.
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.
Goodluck !
Could this be a corrective phase for a further downside or the bull market is here ? Time would tell if the resistance level at 147 is broken or rejected.
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.
Goodluck !
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