We've had clear bullish reversal indications on this pair, looking to join in on the continuation to the top side. (Long term).
Let's keep it 'Short'. Stuck in a Daily range for a while, however, we seem to be getting bearish displacements in recent days, indicative of the bears in control. Here are my thoughts on the possible next delivery of price.
While many begin to look for opportunities to short the Pound - Yen for a pullback, we'll keep our eyes peeled for new entries for a long because we believe the bulls are still in control.
Just as we had expected for the past two weeks, the Bulls are finally in control. Hope you took advantage of the opportunity. Follow for more.
From my view of things, we're still looking to get in on those longs. Happy Trading!!
After a week-long accumulation on GJ, we finally see some momentum return; Would be looking out for some long opportunities as the week progresses, nevertheless, bearing in mind we're in NFP week. Cheers!
Price moved nicely to the expected level for a long, Let's see what next week holds. Happy Weekend from this end!!!
After a few weeks of maintaining a bearish bias on GU and similarly on EU, we now witness price deliver into a sell setup.
After a sharp decline in price over the last few weeks, the Pound-Yen pair has now begun to rise again. This was anticipated at the OTE Level of the daily bullish range that the price had been trading in. Currently anticipating a pullback to the current 15- to 1-hour OTE level. #For Educational purposes only
My newbie 10 cent-worth contribution to the traders community.
Waiting for the market to hit resistance, it is expected to retest and go for a sell. My thoughts though, please tell me what you think.