GBPJPY is in an interesting position as we have had a Head and shoulders formation, we have since broken the neckline and we are now in theory retesting this level, now we have a risk of the neckline snapping, in this instance expect a flush to occur, if we see bullish momentum from here, we are likely going to go test the nearest major resistance at 195. Now with GJ being a carry trade, we also get positive swaps on our positioning! added bonus.
Commento:
Looking good now
Commento:
Lovely break of the highs
Commento:
Short sellers now cleared, if you are late to the party look for some weakness
Commento:
Soon the potential for a swing low is increasing, this is when you wanna load for 195, it will occur on 4H timeframe
