The pund yen broke down as expected this week, we are looking for more downside in the coming days. However, we need to watch our stop loss as it's an easy level to manipulate.
BEAR CASE
Price looks ready to move farther down from here, we are targeting 150.
BULL CASE
A fake out to liquidate leveraged shorts may happen by moving price to the 155 levels before the bear case is fulfilled.
BEAR CASE
Price looks ready to move farther down from here, we are targeting 150.
BULL CASE
A fake out to liquidate leveraged shorts may happen by moving price to the 155 levels before the bear case is fulfilled.