The GBPJPY has formed a shoulder with head, i have opened short on to the downside target of 161.221 Going to be updating with further updates of this pair Stop Loss: 161.001 TP: 161.221
Showing Signs of market being stretched too far below the key level 159.805 i will be updating more updates regards to this market, after i see the market go to the point of 159.964. this is a draft idea, once i see it goes the buy point i will update it properly.
Yesterday i did said that at the point of 2.09335 that the GBPNZD go up back to the 61% retracement, at 2.10883 and that it will drop back down as the retracement has been tested more than 7 times, and im expecting it to drop to the point of 2.09335 and expecting a bounce back to the upside.
im expecting the UJ, to drop to 113 and then back up to about the 115 mark, but we will see what happens