GBP/JPY - 300 Pips+ Long Term Short Opportunity
GBP/JPY showed first signs of important weakness. It has moved down under all the ema's on the hourly chart to make it an important movement and could very potentially be a trend continuation pattern.
If it does not hold support at it's current level, then I expect it to go down about 300 pips and more in the long term.
Always trade after your own analysis as well as risk/money manage properly.
Happy trading and wish you the best!
If it does not hold support at it's current level, then I expect it to go down about 300 pips and more in the long term.
Always trade after your own analysis as well as risk/money manage properly.
Happy trading and wish you the best!
The loss of GBP/JPY happened sooner than supposed. I guess because of some important news this week. Now the price has rallied back up but I expect it to lose back value sooner or later as well as balance and consolidate itself for it's next move down.
Tomorrow will determine what's next.