Hi Traders
Please see our above chart on Gbp/Jpy and the subsequent full analysis.
As you can see from the chart we are fully anticipating a major bearish move on this pair.
There is massive risk to reward potential on this set up and there is multiple area's on the way down that you can take partials or let the trade run its full course whatever aligns with your strategy.
We will be paying attention to the high impacting JPY news that will likely be the trigger event to allow us to see this to the downside.
Trade safely and as always remember 1% is always enough.
Let me know in the comments below what you think of this set up and what your current bias is on this pair.
The Fx Chartist
Please see our above chart on Gbp/Jpy and the subsequent full analysis.
As you can see from the chart we are fully anticipating a major bearish move on this pair.
There is massive risk to reward potential on this set up and there is multiple area's on the way down that you can take partials or let the trade run its full course whatever aligns with your strategy.
We will be paying attention to the high impacting JPY news that will likely be the trigger event to allow us to see this to the downside.
Trade safely and as always remember 1% is always enough.
Let me know in the comments below what you think of this set up and what your current bias is on this pair.
The Fx Chartist