GBP/JPY ABCD Pattern - JPY to continue to strengthen.
Güncellendi
Ever since the 
DXY on the 1 hour chart had broken the 200 SMA, I've been trading short JPY. As expected, GBP/JPY has fallen, and now the expected retrace is happening.
I expect price to rise to 185.00 and then for JPY to continue its march forward.
NOTES:
- JPY strengthening
- USD weakening
- Whole Number (185)
- Approaching 200 SMA
- Previous area of support.
Good luck from the land downunder.
DXY on the 1 hour chart had broken the 200 SMA, I've been trading short JPY. As expected, GBP/JPY has fallen, and now the expected retrace is happening.I expect price to rise to 185.00 and then for JPY to continue its march forward.
NOTES:
- JPY strengthening
- USD weakening
- Whole Number (185)
- Approaching 200 SMA
- Previous area of support.
Good luck from the land downunder.
İşlem aktif
PRZ was correct....For now, I'm selling the low's and patiently waiting for price to retrace before buying again.
Feragatname
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