GBPJPY - Setting up for a big pull back
Updated
Big run up last week breaking a lot of previous highs indicating bulls are in play.
Caught at resistance right now, and expecting a pull back almost as big as the run up from last week.
Long term expecting this to go much higher, but for now the short retracement looks like a good play.
Caught at resistance right now, and expecting a pull back almost as big as the run up from last week.
Long term expecting this to go much higher, but for now the short retracement looks like a good play.
Comment
Moving nicely into our first target at the 38.2%Comment
Expect a pull back into the 135.37 region after the 134.1 level is hit.
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