USD and GBPJPY Pullback trade

4 giu

GBPJPY took a hit on monday falling upto 0.5% and I expect the pair to close on red on this week. Bank of Japan will be trying to have the situation in control and to prevent the currency from falling past beyond repair.

USDJPY also expected to take the same path after it failed to beat previous highs around160 mark.
A fall in GBPJPY Will bring 193.000 to 191 points under focus will USDJPY will likely to test 150 t0 152 zone. On the upside scenario a break of 200.600 support for GBPUSD will likely test 203 to 205 as it moves towards 210.

Same case scenario for USDJPY If it moves past 158 and 160[Multi-decade] high then it will advance to 163 and 165
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Always conduct your analysis before placing any trade and use a hard stop loss