Pound Inggris / Yen Jepang
Diupdate

Melt-up scenario in GBP/JPY. Watch out for a quick fall

342
Dear traders, GBP/JPY is on a relentless uptrend for many days now.
The current scenario can be compared to that of a melt-up.

However, if the bears step in now, expect a quick fall in GBP/JPY. Watch
out for a bearish price action to sell and expect price to fall to at least
170. Price is very over-extended from the EMA so, I do not recommend any
long entries at the current level.

Catatan
Price has dropped 60 Pips since I posted

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