GBPJPY

9 Mar

GBPJPY is in an interesting position as we have had a Head and shoulders formation, we have since broken the neckline and we are now in theory retesting this level, now we have a risk of the neckline snapping, in this instance expect a flush to occur, if we see bullish momentum from here, we are likely going to go test the nearest major resistance at 195. Now with GJ being a carry trade, we also get positive swaps on our positioning! added bonus.

15 Mar

Not

Looking good now

19 Mar

Not

Lovely break of the highs

19 Mar

Not

Short sellers now cleared, if you are late to the party look for some weakness

20 Mar

Not

Soon the potential for a swing low is increasing, this is when you wanna load for 195, it will occur on 4H timeframe