GBP/JPY Predictions for the week ahead.

2018年1月14日

Here we have a potential short, roughly around the 152.4 zone. As you can see GJ has hit another high, and I believe its next target is to hit its first low which is roughly around 141.1 due to PRICE ACTION breaking trend Line or hit its second Low low which is roughly around 139.0. This has been analysed on the D1 chart, therefore in order to get a confirmation and go for the Short, I await for the Bearish candle to form before placing trade.