As we go into the end of the month and ultimately into August, the infamous low volume month, I will be looking for two things on this pair. GBPJPY will likely get choppy but not like the rest, it can move so much more than other "normal" pairs.
Pretty simple set up here:
1. Sell break of 144.90 targeting 144.00
2. Wait for a push higher and look for a break of 148.00 or rejection off that level.
If 144.90 area breaks sooner than later, that should be an easy 100 pips, otherwise it turns into a bigger waiting game.
Pretty simple set up here:
1. Sell break of 144.90 targeting 144.00
2. Wait for a push higher and look for a break of 148.00 or rejection off that level.
If 144.90 area breaks sooner than later, that should be an easy 100 pips, otherwise it turns into a bigger waiting game.
Jared Johnson
Union Hedge Funds
Union Hedge Funds