At the end of April ( 30 April) GbpJpy had a spike up that came to confirm 135 as a strong resistance.
An almost 500 pips drop followed and now the pair is in a corrective rally.
I expect a new leg down that should bring the pair to 127 if not even 125.
Sell rallies could be a good strategy.
A close above 135 zone will negate this scenario
An almost 500 pips drop followed and now the pair is in a corrective rally.
I expect a new leg down that should bring the pair to 127 if not even 125.
Sell rallies could be a good strategy.
A close above 135 zone will negate this scenario
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