HELLO TRADERS, HERE'S OUR ANALYSIS OF GBPJPY WE COULD SEE EITHER A CORRECTION TO THE 135-136 HANDLE OR CONTINUATION TO THE 141-144 PRICE POINT PRICE DID CREATE A NEW WEEKLY HIGH THIS WEEK AND HAS SURPASSED MARCH HIGHS BUT FAILED TO CLOSE AT THE HIGHS THIS WEEK SO WE COULD SEE CONTINUATION COME SUNDAY MARKET OPEN AUGUST 16TH INCREASING WEAKNESS IN JPY NOTICED...
strong year support resistant flip + quasimodo level put stop 1 @ 1.3820 stop 2 @ 1.4400 tp open
On the GBPAUd pair I have identified a prosperous trade setup, an opportunity to go short. The GBp has recently not met a deal for the Brexit agreement which means the Sterling will soon be on its own. The impact this will have on the market will ultimately push the Gbp down to lower levels, I am personally seeking 1.6500. Also the Feds are speechless as to if...