After upside impulse the GBPJPY will see a correction to the down side thru 137.00
* Trend is down. * Possible reversal on Daily. * Weekly shows LL and LH. * We have a trend line as Resistance. Multiple confirmation observed as I patently wait for this opportunity to come.
Price is currently upward channel in Monthly time frame
Gold will push down from the Trend line. Then we will see the price rallies back to the resistance. As usual Gold becomes Bullish at the beginning of every year from January to May as more people tend to buy Gold. This is my prediction on Gold from Mid March to Summer Go Long as Price touches Support Trend Line and makes Double Bottom. Go Short as Price Makes...
In the recent post that I said I'm longing for this instrument. Well I don't always look at one side of the market Despite the buy setup that I had was canceled due to a broken trendline. Now I'm shorting NAS and that's my setup. Comment below if your idea is different than mine.
GBPJPY and GBPUSD positive correlation will see the Pound shorts
Daily and H4 show a clear downtrend.