GBPJPY for 15 June 2020

Please refer above for the illustration and explanation.
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Thanks.

Komentar:

Instead of going up during the Asian session, it went down first so I did not enter the market as outline in my trading chart that I will only enter the market if

1) it went up around 135.322
2) Signs that seller has regain control of the market which has the same red sign shown on the left on my trading chart.

At the moment, please be patient and wait for the right entry.
It is always better to play 'safe' than be sorry for it.

Komentar:

Although it is heading in the direction that I plan for, I did not enter the market as the market was too manipulated. Good job to anyone who took a sell.