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Great Britain economy is in struggle from the starting of the year and it is expected to continue till mid of 2016 by the least. Because of the Interest hold for some more time, it is expected to struggle for more time than expected before taking off. Please find my analysis of GBPJPY in weekly chart,
Since the sharp push from August, this pair recovering but with lot of doji's which suggests that another bottom hit is very much possible as shown in the diagram. Hence I would recommend bearish on this pair for at least few more months!
Wish everyone good luck on another fresh week!
Since the sharp push from August, this pair recovering but with lot of doji's which suggests that another bottom hit is very much possible as shown in the diagram. Hence I would recommend bearish on this pair for at least few more months!Wish everyone good luck on another fresh week!
