GBPJPY (update)
Updated
They say long takes the stairs and short takes the elevator. In this pair I think it's the other way around.
Buys are spikes
Sells are sliding down softly
Buys are spikes
Sells are sliding down softly
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The resignation of Cohn from the WH shocked many pairs, including all the xxxJPY ones. I stuck with it, I saw my position(s) dropping in a chasm but I knew that this wouldn't last for more than 24hours. I've first read about the resignation before 5pm on 6/3, but it only shocked the markets after it was published in the mainstream media (CNN, BBC, Bloomberg, etc.)I still got my xxxJPY positions open and running as I believe it will reach the top of the wedge.
Next thing to fear is the NFP news on Friday, but we'll see about that in 36 hours!
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Bull has started. Expecting a 15 days uphill run to reach TP of 156.300
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