Shalom Wadu Community,
In today's Video on GBP/JPY we go over that we have been trading within a Channel Since the end of 2017! BUT We are Overall BEARISH on the Higher Time Frames. Last Month GJ ended off with a nice sell off from the top of the channel around 141 and closed around 136. We have formed a Support/Resistance Zone around 138.000 Price Area , where we are actually anticipating this time around for MASSIVE SELLERS to Step In and Take this Market Down to 130.000 and possibly even as Low as 125.000!!!
In today's Video on GBP/JPY we go over that we have been trading within a Channel Since the end of 2017! BUT We are Overall BEARISH on the Higher Time Frames. Last Month GJ ended off with a nice sell off from the top of the channel around 141 and closed around 136. We have formed a Support/Resistance Zone around 138.000 Price Area , where we are actually anticipating this time around for MASSIVE SELLERS to Step In and Take this Market Down to 130.000 and possibly even as Low as 125.000!!!