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Hello fellow traders,
GBPJPY along with other majors have beaten yen down and reached previous high of 138.77 zone. Here we may see supply and price may fall but seeing the huge momentum nothing can be said for sure. More aggressive traders may sell here with stop above 139.50 and may target 132.50. But till the time of writing this post there was no sign of any price action in favour of sell. So wait and let the candlesticks to confirm a sell. if the price is able to break above this zone then …
GBPJPY along with other majors have beaten yen down and reached previous high of 138.77 zone. Here we may see supply and price may fall but seeing the huge momentum nothing can be said for sure. More aggressive traders may sell here with stop above 139.50 and may target 132.50. But till the time of writing this post there was no sign of any price action in favour of sell. So wait and let the candlesticks to confirm a sell. if the price is able to break above this zone then …