GBPJPY Idea
G'day Guys
Today let's check GBPJPY. As expected every year's OCT was not good for JPY. To know the reason read about JPY GDP news for fundamental and market sentiment.
Technically, this pair currently retest the weekly supply zone/swap zone. I personally expect the price heading for correction or reenter for a huge range sideways between $163 and $124 price level. If you guys understand these pair characters, it's easy for you to trade.
From this analysis, we might see double top forming before price return back to 149.149 price level. Unless the solid breakout on Weekly Supply Zone, we will reanalyse this pair for further predictions. Let's see what gonna happen next...
Dance with the Markets
Today let's check GBPJPY. As expected every year's OCT was not good for JPY. To know the reason read about JPY GDP news for fundamental and market sentiment.
Technically, this pair currently retest the weekly supply zone/swap zone. I personally expect the price heading for correction or reenter for a huge range sideways between $163 and $124 price level. If you guys understand these pair characters, it's easy for you to trade.
From this analysis, we might see double top forming before price return back to 149.149 price level. Unless the solid breakout on Weekly Supply Zone, we will reanalyse this pair for further predictions. Let's see what gonna happen next...
Dance with the Markets
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