lobfxempire

GBPJPY: Analysis

FX:GBPJPY   英鎊 / 日圓
Goodmorning Traders!

Price has broke out of consolidation and hit my median line and is now deciding which way it wants to go. Price is in a key zone that it has pulled away from several times in the past, the market doesn't like this area nor the one above or below the one it is currently in now. In the zones I have, price has always either consolidated then made a big move or price gets to the key area and goes right through. Waiting on more confirmations before making a decision on direction, and for execution on smaller time frames.

What I predict to happen is a pull back, then price will fall into the zone below, which if that happens it will be a nice 400+ pip move which I have displayed on the chart for you guys. Overall I think price will keep falling.

Any Thoughts Leave Them Below! Make Sure You Leave A Like!

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