GBPJPY UPPDATE
STARTING this month i made a video on the monthly projection of Gj which happened fast starting this month, particularly blessed by the volume from high impact news during the week. This is an update following what should be expected for the coming week on GBPJPY.
we have seen a bullish momentum continue with GJ testing the HIGH made in April, we have also seen a reaction from that area which could mean a lower timeframe retracement has started which could continue into next week, before we see any continuation move up on GJ
capitalizing on the minor retracement would be what i'd be looking for the coming week and adapting to market conditions following that we are still bullish overall on GJ
we have high impact news to watch out for next week also interest rate on GBP,USD and JPY will be heavy determinant of price movement on GJ
we have seen a bullish momentum continue with GJ testing the HIGH made in April, we have also seen a reaction from that area which could mean a lower timeframe retracement has started which could continue into next week, before we see any continuation move up on GJ
capitalizing on the minor retracement would be what i'd be looking for the coming week and adapting to market conditions following that we are still bullish overall on GJ
we have high impact news to watch out for next week also interest rate on GBP,USD and JPY will be heavy determinant of price movement on GJ
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