GBPJPY will fluctuate in a wide range!
Strong Bullish candles and weaker bearish moves. Candles are begging traders: BUY!
But the super bullish channel might be broken this time. Remember these kind of channel won't last long!
Take a look at GBPUSD
Pound is going to be weaker against USD
Same for USDJPY:
If I want to favor one to another I'll choose GBP so our suggested entries in lower time frames could be found around:
LONG AT: 181.05
AND : 177.71
SL : below 176.71
Take profit points:
183.00
186.00
Any breaking news or an important one, could devaluate this analysis. Also, breaks out of the yellow range is expiration of the idea.
But the super bullish channel might be broken this time. Remember these kind of channel won't last long!
Take a look at GBPUSD
Pound is going to be weaker against USD
Same for USDJPY:
If I want to favor one to another I'll choose GBP so our suggested entries in lower time frames could be found around:
LONG AT: 181.05
AND : 177.71
SL : below 176.71
Take profit points:
183.00
186.00
Any breaking news or an important one, could devaluate this analysis. Also, breaks out of the yellow range is expiration of the idea.
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