GBPJPY
Short Term Sell: Price is currently at the right shoulder level. (head and shoulder pattern). Price may begin to fall to either price (151.75) or to downward trendline. See analysis for long term buy position.
Long Term Buy: Very strong move up today (7th December 2017). This move broke the downward trend line and also a very strong resistance line. I am now expecting one of two moves before this pair continue its trend upwards. Either fall and hit the first trendline at price (151.75) or come straight down and touch the trend line forming a head and shoulder pattern. Lets wait to see what price is going to do. #LongOutlook
Long Term Buy: Very strong move up today (7th December 2017). This move broke the downward trend line and also a very strong resistance line. I am now expecting one of two moves before this pair continue its trend upwards. Either fall and hit the first trendline at price (151.75) or come straight down and touch the trend line forming a head and shoulder pattern. Lets wait to see what price is going to do. #LongOutlook
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