Potential GBPJPY Long
Updated
Only entering Long if we reject the given region.
My personal view is GBP has been gaining contraction considering we are back in lockdown; purely because the DXY is a mess and the dollar is on its way back down to Daily Support @ 91.736. Causing GBP and EU buying. I would be surprised if the dollar created a double bottom from this region, but we can not cancel that out. Let's see what reaction we can get from here.
My personal view is GBP has been gaining contraction considering we are back in lockdown; purely because the DXY is a mess and the dollar is on its way back down to Daily Support @ 91.736. Causing GBP and EU buying. I would be surprised if the dollar created a double bottom from this region, but we can not cancel that out. Let's see what reaction we can get from here.
Note
Lovely
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