GBPJPY - SELL THE TREND
Updated
Shipmates - Looks like we could be approaching a goodbye kiss of a head shoulders and/or a descending triangle. Will be looking to sell this pair in light of the monthly trendline. Will take some profit at 150.50 and let the rest anchor down toward 150.
Potential that it breaks out of this channel and starts gravitating towards the monthly resistance 156, but the volume doesn't appear to be there and it's wicky to the south.
The GBPXXX appears to have it's work cut out this week, with high expectations so will be interesting to see how it plays out. CPI results this Tuesday could be a catalyst. Check out my link for a nice clean economic calendar.
Safe sailing. 🏴☠️🌊⚓
Potential that it breaks out of this channel and starts gravitating towards the monthly resistance 156, but the volume doesn't appear to be there and it's wicky to the south.
The GBPXXX appears to have it's work cut out this week, with high expectations so will be interesting to see how it plays out. CPI results this Tuesday could be a catalyst. Check out my link for a nice clean economic calendar.
Safe sailing. 🏴☠️🌊⚓
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Sell
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