GBPJPY sold off together with GBPUSD and EURUSD (etc,etc) on Thursday and Friday last week. Allthough the sell off was pretty impressive, we retraced most of it yesterday. and right now we just saw another fairly strong move to the downside.
Eventhough it looks bearish right now, I am interested to see higher values. Line in the sand for me is the green line on the chart @ 172. 65. If that one is taken out (big IF), then I'm looking for a move higher, and it should be a fast move!
But, first we need to get there. Watching.
Eventhough it looks bearish right now, I am interested to see higher values. Line in the sand for me is the green line on the chart @ 172. 65. If that one is taken out (big IF), then I'm looking for a move higher, and it should be a fast move!
But, first we need to get there. Watching.