GBP JPY broken out from a Flag - expecting short term bearish mo
GBP and JPY both saw some gains last week, JPY based on the Dollar weakness from inflation data on Friday.
It has been consolidating in a range as above since the large move up. Forming a Flag,
Now we have seen a break and close below. Myself and clients have been in this before the Break, as we expected a breakthrough, as the GBP was overbought back end of last week, and there is a lot going on in regards to Brexit and Thersa May not getting on with a lot of her current MP's
If you want to find out more about understanding Fundamental and Technical Analysis then find our page at Elite Trading Group - Facebook ETGFX Twitter
It has been consolidating in a range as above since the large move up. Forming a Flag,
Now we have seen a break and close below. Myself and clients have been in this before the Break, as we expected a breakthrough, as the GBP was overbought back end of last week, and there is a lot going on in regards to Brexit and Thersa May not getting on with a lot of her current MP's
If you want to find out more about understanding Fundamental and Technical Analysis then find our page at Elite Trading Group - Facebook ETGFX Twitter
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